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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Mr. BSL who wrote (4603)7/10/1998 11:04:00 AM
From: Ben Antanaitis  Respond to of 34811
 
duke,

You are most welcome.

BTW, as you probably can tell, the RS charts are based on daily prices, not just a weekly snapshot.

Ben A.



To: Mr. BSL who wrote (4603)7/10/1998 11:28:00 AM
From: Ms. X  Read Replies (3) | Respond to of 34811
 
Duke,
PSFT:
RS in O's but close to reversing back up. RS at 5.2 - 6.0 to reverse up.
Momentums except monthly are positive.
Price objective 68 (prelim)

59 |
58 | *
57 | X *
56 | X X O *
55 -------+-----------------X O X O --* -----------------------------
54 | 4 O X O *
53 | X X O X O *
52 | X O X X O X O * X
51 | X O X O X O O * X
50 -------+---------X O X O X ----O ------------* --------------X <--Excellent spread quin top
49 | X O O O X X * X X X <--Good pullback area
48 | X O X O X X O X * X O X O X
47 | X O X O X O X O X O * X O X O X
46 | 3 O X 5 X O X O X O X O 7 X Med
45 -------+---------X ------------O X O X O --O 6 O X --X ----O X ---
44 | X O X O O X O X O X * O
43 | X X O O X O X O X * <--Stop point
42 | X O X O O X O *
41 | X O X * O *
40 -------+-----X O --------------------------* ------------------------------
39 X | X *