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

To: sanke who wrote (11535)	12/15/1998 4:30:00 PM
From: Jorj X Mckie	Respond to of 34811

Sanke, The lower highs certainly looked foreboding, however when the double bottom support at $89 held and then reversed back it was a positive indication. The reverse broke a DT and a couple spread DTs. All good things. Something else to look at would be the relative strength. The RS is currently a Buy in a column of Xs and the momentum is positive. Playing buy the numbers (or the Xs and Os), you should probably had a stop at $88 as that would have broke a triple bottom at $89. AIB still looks strong here. (not forgeting the overall market context). JXM