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


To: ViperChick Secret Agent 006.9 who wrote (7939)9/27/1998 11:57:00 AM
From: chartseer  Respond to of 34809
 
I don t know either but the IBM PnF chart is very positive while the DIA chart is not nearly as positive. My play in IBM is for IBM to test the old 52 week high of 138. All depends on DIA retesting the BRL and 84. Then there are many other factors including my Octoberphobia. Thanks for the update on Ben A's maximum pain for IBM options also a consideration. My play in HWP will be for a move to 60 IBM 138. NYSEBP has reversed to bull alert. Computer sector has reversed to bull alert. NYSE stocks above 200 DMA has moved from 16% to 22%. Buy Rosh Hashanah sell Yom Kippur adage. Alan Greenspan, will he or won t he? All will come into play next week. Sell into strength and buy weakness. Keep it simple. This game keeps me young in spirit.

These are my opinions and I very well could be wrong.
Happy trading.

Chartseer