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


To: papi riqui who wrote (15378)3/10/1999 10:44:00 AM
From: Ms. X  Respond to of 34822
 
Thank you for his name!

The RS of RX (that is too cute) is actually just a column of X's. It hasn't created a buy signal because it has never reversed but we do call this a buy 'caue you can't call it a sell...
Ahem.
The RS is weakening a little but not anywhere near reversing.

I don't like all that resistance. My guess is it has a better chance with the market at breaking that triple bottom. It is just a guess right now.

If the fundamentals are strong you can enter here minding that triple bottom. If it bounces off that resistance again and the market doesn't shape up...well, have a plan for that if you buy. It is a strong possibility.

Jan I am