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


To: Judy who wrote (7118)9/10/1998 3:31:00 PM
From: wizzards wine  Read Replies (1) | Respond to of 34811
 
Sorry for the confusion Judy, I was refering to a 59 to reverse the P&F chart signal back to X's...

IMNX's RS is at 7.73 and it needs a 8.5 for that to reverse...if it closed right now it would only have a 7.84...still very weak...

Sorry for the misunderstanding :-(

Later

Preston



To: Judy who wrote (7118)9/10/1998 4:11:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 34811
 
Judy

IMNX closed ok...at least above your number...pissed i didn't get my calls damn!!!

will get them tomr..no matter what the price...



To: Judy who wrote (7118)9/10/1998 5:17:00 PM
From: Bwe  Read Replies (1) | Respond to of 34811
 
Good move in the oil service sector today, Judy. I've been nibbling in the group over the past 2 weeks. Yesterday's reversal in the Oil Service Bullish % was very positive. This was the first reversal in the group since May. The group last reversed up from under the 30% in January, and that reversal saw the Bullish % move from 14% to 65% in May. The sector needs the commodity to cooperate, but our sector barometer suggests that oil might continue higher from here. All 3 of the crude charts have Bearish Resistance Lines to deal with as do mostly all of the stocks in the group, so it's a trading environment. Lots of long tail down and low pole patterns and a smattering of double top buy patterns as Jan has listed for us.

Take care,
Bruce