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: quote 007 who wrote (12886)	1/21/1999 1:34:00 PM
From: Bwe	Read Replies (1) \| Respond to of 34811

Good afternoon, Stu. The two things I'm looking for on SE's chart are for the Revised Bullish Support Line (RBSL) to hold at $38, and for the stock's RS chart to stay in X's. They're really inter-related in a way because I believe that if the RBSL does not hold then the RS will turn bearish. I tend to view things from a long term perspective and a bearish move on the stock's RS chart probably has bearish longer term overtones. A stock with an RS Sell newly in O's is probably not the kind of stock one would want to won in a market with over 60% bullish advisors. A bsl is at $37 and could possibly come into play as support as well. There's also the possibility of a Bear Trap if the stock is able to reverse back into X's off of a $40 chart notation. $37 - $40 is a key area for the stock, IMHO. If it breaks down at those levels, then the official BSL will likely be severely tested. JMHO and Chartseer's esteemed opinion on the chart would be most welcome. Take care, Bruce