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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (964)	11/7/1998 4:52:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 1153

Hi TA, I may be a bit ahead of a true bullish alert. My observations are based on the Point and Figure (P&F) charting method(which I am new to) Stock chart: (X=demand; 0=supply) ...........0-(shows drop from intra-day high of 10.5) ...........0 10.0-- 0 9.5--- 0...............* bullish if we hit an intra-day high of 9.5+ 9.0--- 0..........X..X 8.5--- 0..........X0X 8.0--- 0X..X..X0X 7.5--- 0X0X0X0X 7.0--- 0X0X0X0X 6.5--- 0X0 X.X0 6.0--- 5.5--- 5.0--- 4.5--- The sector is a bullish confirmed +58%.. It is difficult for me to try to explain,as I am learning.But, we are in the far right column of X's, which is showing the current demand for the stock; demand(buyers-X) is exceeding supply(sellers-0).DD

To: TATRADER who wrote (964)	11/7/1998 5:58:00 AM
From: Ditchdigger	Respond to of 1153

TA, figured I'd try and cut and paste a portion of the chart-it appears that it has worked(much better than my chicken scratch<g>). The system takes into account supply and demand(not volume) and X's and O's represent intra-day highs or lows.. As I say, I'm a beginner,so please take my interpretations with a grain of salt, The triple occurs with the column of X's tops. It is interesting to compare this type of chart with a more traditional type.One can definitely see the resistance around 8-9. We actually hit 9 3/8(if I remember correctly) a few weeks ago(I sold that day)Then reversed and sold off to 6.50+/- ,before reversing again up and rising to our current level. It is represented by the first X in the 9 row..yesterdays is the second..Oh well, I've probably confused both of us<lol!>..have a good day..DD (PS: looks like 9.5 resisted on the way down,I expect the same on the way up. We took out 8.00 and have double topped at 9. IMO,some good news,could push us through the 9.5 resistance level...my opinion and .35 will get you a local phone call<g> 11.0 ------------------------------------------O X ---------------------------- 10.5 8 X O 10.0 ------------------------------------------O X O -------------------------- 9.5 O O 9.0 ----------------------------------------------O --------X --X ------------ 8.5 O X O B 8.0 ----------------------------------------------O X --X --X O X ------------ 7.5 O 9 O X O X O X 7.0 ----------------------------------------------O X O X O X O X -------- Med 6.5 O X O A X O 6.0 ----------------------------------------------O ------O X ---------------- 5.5 O X 5.0 ------------------------------------------------------O X ---------------- 4.75 O X 4.50 ------------------------------------------------------O ------------------ 4.25 4.00 --------------------------------------------------------------------------