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

To: Ms. X who wrote (7670)	9/23/1998 7:06:00 PM
From: Lyn Benson	Read Replies (1) \| Respond to of 34810

Jan, could you take a look at the chart of SUPX and let me know what you think?

To: Ms. X who wrote (7670)	9/23/1998 7:18:00 PM
From: Challo Jeregy	Read Replies (4) \| Respond to of 34810

Jannie, can you help the newbie again? OK.Here goes . . . My question is - if a stock gives a positive breakout, with RS and momentum turning up, and one misses buying on that day, and the stock is up five points and closing on its high the next day - when would one enter that stock? With such a runup, wouldn't it then be prudent to wait for a pullback? I guess what I'm asking is, how would I determine the BRL? Using Qwst as example - on the 22nd, it broke a double top at 35. Today it closed above 39. Does one start drawing the BRL in the column of X's ending at 34? In which case QWST already broke thru the BRL? I'm trying to learn how to draw my own charts and I need help. (No hand-holding here <g>. Just trying to get a grasp of charting) TIA

To: Ms. X who wrote (7670)	9/23/1998 10:08:00 PM
From: Ms. X	Read Replies (3) \| Respond to of 34810

Judy: GE, INTC GE: Excellent comeback today for GE. Broke the bearish resistance line. Good to buy on a pullback at 81. Stop 75. RS positive and on a buy Momentums Daily Positive Weekly Positive at 91.301 Monthly Positive at 104.529 Vertical Count: 100 (unconfirmed) 85 ------O ----------* ----------------- 84 O X * X<--Today's break of brl. 83 O X O X * X 82 O X O X O X 81 O X O X O X X <--Pullback area 80 ------O X O X O X --X O X ----------- 79 O X O X O X O X O X 78 9 O X O X O X O X 77 O X O X O O X 76 O X O O 75 O X -------------<--Stop point 74 * O X 73 * O INTC: Excellent move on INTC today. Broke the bearish resistance line. Can buy here and on a pullback to 84. Stop of 80 for trades. RS positive and on a sell Momentums negative, crosspoints below. Daily 89.424 Weekly 90.402 Monthly 83.926 Vertical count 102 88 * 87 * X <--Today's break of brl 86 X * X 85 O ----X O X ---------- 84 O X X O X Med 83 O X O X O X 82 O X O X O X 81 O X O X O 80-O X O X -------------- 79 O X O X 78 O X O 77 O X 76 O X 75 O X ------------------ 74 O X * 73 O X * 72 O X * 71 O X * 70 9 * ------------------