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


To: Jerry Olson who wrote (8570)10/9/1998 11:18:00 AM
From: Judy  Read Replies (1) | Respond to of 34814
 
Good morning, Sweets

INTC's momentum turned negative when it violated 82 1/2 a short while ago. If you note I posted to Jan a few days ago that INTC must turn up soon, but it did not. 200-day ema is at 80ish and the stock may hover thereabouts until earnings, forward guidance will determine the direction off this key suppport.

That RS is positive ... do not be mislead. Look at the broader context ... that INTC is performing better than the market means that it has dropped less than the market did in the same interval of time. And you get my drift ... this market has not been nice to longs, not nice at all.



To: Jerry Olson who wrote (8570)10/9/1998 11:35:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34814
 
Ah, ahem - sugar picklets,

If I may note from your post.
RS = Sell, column of = X's.

That is an RS positive. IT isn't the most positive 'cause of the sell but it is still positive. The X determines it is outperforming the market. The O determines it is under performing the market.

Trend negative is that it fell below the BSL.
Negative breakout is the trend sell signal.

-lousy looking chart, pumpkin bear <gg>