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

To: wizzards wine who wrote (6233)	8/23/1998 7:38:00 PM
From: Ms. X	Respond to of 34811

The OEX: Good entry for the OEX trader. Close stop good risk/reward. 562 X O X X 560 ------------------------------------X --7 O X O X O ----------------------- 558 X X O X O X O X O 556 X O X O X O X O X O 554 X O X O O O X O 552 X O O X O 550 --------------------------------X ------------O --O ------------------- Med 548 X O 546 X X X X 8 X 544 X O X O X X O X O X<--Buy signal. 542 X O X X O X O X O X O X X O 540 5 O X O X O X O --------X O X --X ----------------O X O ----X O -- 538 X O X O X O X O X O X O X O X O X<--Still on a buy signal. 536 X O X O O X O X X O X O X O X O X X O 534 X O X O X O X O X O X O O X O X O X O 532 X O X O O X O X O X O X O X O X O 530 X O ----------O X O X --X O X --------------------O X O X O X O -- 528 X O X O X O X O X O X O X O X O 526 X O X O X O X O X O X O X O X O 524 X O 6 O X O X O X O X O X O 522 O O O X O X O X O <--Friday's action 520 --------------------------Great support at 520-->-O --O --O ------ 518 <--Bad break of support (stop) 516 Next would be violation of the BSL. 514 * 512 * 510 ----------------------------------------------------------* ---------------