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


To: okelly who wrote (9317)11/5/1998 11:33:00 PM
From: James Strauss  Respond to of 34811
 
SPLN...

Okelly:

SPLN reminds me of the old I love Lucy show when Ricky Ricardo used to ask Lucy to Splain (Explain) something to her... : >

SPLN has two short term targets, 20.00 and 23.00...

Jim



To: okelly who wrote (9317)11/6/1998 8:49:00 AM
From: wizzards wine  Read Replies (1) | Respond to of 34811
 
Ok okelly, SPLN is NOW at the BRL ( Bearish Resistance Line ) at 17.5...it has been repelled here several times in the past!!!

You need it to break out to 18 or 18.5 to get throught the line, then a nice pull back to the area of 16ish would make a good entry with a stop loss at 13 the first DBS (Double bottom sell)

RS is in O's but likily to change as it's at 1.78 now and needs a 2.00 to reverse back to X's...

Hope that helps,

Later

Preston