Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MulhollandDrive who wrote (12778)	1/15/1999 1:37:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34810

Hi bp, I've looked at the chart. Not a lot there to interpret. You have one meaningful support level at $90. Right now the chart looks like a giant spike up with a pullback to $90 and now in a column of Xs. If it doesn't go up to $130 today, we will reverse to a column of Os. This will set a lower high on the chart. To be honest, I haven't figured out how to use P&F on CMGI. JXM

To: MulhollandDrive who wrote (12778)	1/15/1999 5:52:00 PM
From: Ms. X	Respond to of 34810

Here is the 5 box chart for CMGI. It is helpful to increase the box size to knock out some of the volatility. The chart here shows support at 90 with a high on the chart of 155. Today CMGI reversed into O's falling within one box of the support level. If you want to enter CMGI, can do here with a stop of 85. Of course, you understand how volatile it is and that it currently has created a lower top (as Jorj) pointed out. Hope this helps. 160 \| \| 155 \| X 150 --------+---X O --------------------------- 145 \| X O 140 \| X O 135 \| X O 130 \| X O 125 --------+---X O X ------------------------- 120 \| X O X O 115 \| X O X O 110 \| X O X O 105 \| X O X O 100 --------+---X O X O ----------------------- 95 \| X O X O Top 90 \| X O 85 \| X