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

To: wizzards wine who wrote (4968)	7/22/1998 1:04:00 PM
From: Dennis J.	Read Replies (1) \| Respond to of 34811

PFE looks strong to me. Didn't it just complete a bullish reversal, and break a TT at 116, then stall at the old high of 120? I look at this pullback as a buying opportunity. Support should hold at 108 or better (breaks MY imaginary trendline). I look for another assault on 120, and guess what happens if it goes through 121 (eleven square). If it breaks below 106, what would we call it -- a bullish reversal reversal? I would be a cautious buyer down here. Cautious because of the market, not PFE. Dennis