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


To: The Perfect Hedge who wrote (6334)8/26/1998 2:09:00 PM
From: wizzards wine  Respond to of 34811
 
Hi Beebs, HOT is RS SELL in O's, underpreforming the general market and has been on P&F sell signals since the beginning of the year...the sector is Bear Confirmed at 32, however this is in the area where this sector has bottomed in the past...It's still in a column of O's for the sector but may reverse in the near future...as you know, between the market and the sector..this is where the most effects come to play, and with the sector over sold it is closer to being able to reverse back up, than if it were at the 60% area...

Just My Thoughts

Later

Preston



To: The Perfect Hedge who wrote (6334)8/27/1998 9:08:00 AM
From: chartseer  Respond to of 34811
 
HOT very interesting but since I don t chart I don t have any feel for it. Based on what I can see HOT now at a possible support area and needs to break 39 to give further sell signal. Possible very strong resistance on up side at 45 and descending BRL. Expect HOT to bounce between BSL and BRL with BRL favored at this moment. You also have RS in your favor. Just turned to Sell in a column of Os.

Good luck on what ever decision you make.

Chartseer