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

To: Teri Skogerboe who wrote (5195)	7/29/1998 7:41:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hi Teri, Thanks so much for the compliments! Do you watch Monty Python? Familiar with the phrase "Run away...Keep running.." TER reminds me of that. Just about everything that could be negative -is- with TER. Sector is at Bear Confirmed, in O's at 30%. Which is low but not enough sponsorship to reverse up yet. Relative strength (how it is performing compared to the rest of the market) is -/- on a sell signal and in O's. Trend is negative (trading below its bearish resistance line) and on a sell signal. TER is below October lows. What I would say here is to avoid for now. I would not consider it (even in a strong market) until it showed signs of demand coming in which would be, buy signals and higher bottoms. Momentums and RS flipping positive would be nice too. I wouldn't even suggest this for aggressive bottom fish traders. Nor even as a Tom Dietz thing if you are familiar with that one :-) Here is the chart: 57 X O X O * \| 56 X O X X O * \| 55 -O X 9 X O X --A --X O -- * ------------+---------------------- 54 O X O X O X O X O X O * \| 53 O O O X O X O X O X * \| 52 O X O X O X O X O * \| 51 O O O O X O * \| 50 ---------------------O X O ------------* --+---------------------- 49 O O * \| * 48 O * X * 47 O \| * X O * 46 O \| X O * 45 -----------------------* O ----------------+---X O ----* ------------------ 44 * O X \| X O * <--Bearish resistance line 43 * O X O \| X O X * 42 * O X O \| 2 O 4 O * 41 * O X X O \| X O X O 40 -------------* ----------O X O B O --------+---X 3 X O X --------- 39 * O X O X O X \| X O X O X O 38 * O X O X O X O \| X O X O X O 37 * O X O X O X O X \| X O O O 36 * O O O X O X O 1 X 5<--Triple bottom Top 35 ---* ----------------------------O X O X O X O X --------O ---------------- 34 * O X O X O X O X O 33 O X O X O X O X O 32 O X O X O X O X * O 31 O C O X O X * O 30 -----------------------------------------O X O X --* ----O ------- 29 O X O X * 6 X 28 O X O * O X O 27 O \| * O X O 26 Spread double bottom-->O X O 25 ----------------------------------------- \| ----------O --7 --- 24 Double bottom--> O 23 O 22 21 Bot 20 ------------------------------------------------------------------