Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: flashy who wrote (5650)	8/10/1998 5:53:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Hey Girl... f you were to put some $'s into one of the following (2) stock choices, which one would you feel more comfortable, based upon the P&F charts that is....BBY or GCN? Both look good. Both have triple tops. Both sectors in oversold territories. Hard to say which one and I'd look to the fundamentals for the decision. BBY is in the Household Goods sector which is in O's (who isn't?) at 36%. The RS is getting strong and within 1.5 boxes of a new buy signal. Chart just broke a triple top. Price objective 69. 53 X <--Completed shakeout pattern. 52 X O 51 X X X O 50 X O X O X O<--Today's action. Good entry. 49 X O X O X 48 X O X O X 47 X O O X 46 X O X 45 X ----8 ----- 44 X <--Stop point 43 X GCN is in the Electronics sector in O's at 28%. The RS is on a buy signal and in X's. Momentums negative. Last signal on the trend chart is a triple top buy. Price objective 48. 32 X X <--retraced after resistance at 32. 31 4 O 7 O 30 -----------X O --------X O --------------------------------------- 29 X O X O 28 3 O X<--Triple top 27 2 O X X X 8 <--Nice pullback 26 X X O X O X O X 25 -------A O 1 O X O X O X ----------------------------------------- 24 9 O B 5 6 X O 23 8 O X O X Higher bottoms 22 X O X O 21 X O \| 20 -------X --\| ---------------------------