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


To: Ms. X who wrote (17078)4/9/1999 10:07:00 AM
From: Jerry Olson  Read Replies (1) | Respond to of 34802
 
NOOOOOOOOOO...

but i will.....i am NOT afraid to chase.....:>}

looking to play WMT and maybe invest tooo.....



To: Ms. X who wrote (17078)4/9/1999 10:34:00 AM
From: Ms. X  Read Replies (4) | Respond to of 34802
 
For those who say "It can't go any lower..."
Here is an example, albeit extreme, that shows a stock certainly can
go lower. Also testament as to why you never "guess" a bottom.
This stock gave many indications before becoming a penny stock.
I wish I could point everything out but the chart is so big that it
is very confusing in edit mode!

SHG: Sun Health Care Group.

30 -+-------+---------------------------------------------------------+-----------------+---------------------+-----------------------+---------------30 -
29 | | | | | | 29
28 | X * | | | | 28
27 | 2 O 4 * | | | | 27
26 | 1 O X O * | | | | 26
25 -X --X --X O X O --* ----------------------------------------------+-----------------+---------------------+-----------------------+---------------25 -
24 X O 4 O C O O * | | | | 24
23 3 O X O X O * | | 7 | | 23
22 X O X O X O * | | X O X X | | 22
21 X O X O X 5 * | | X O B O X O | * | 21
20 -X O --5 X ----O ------------* --* --------------------------------+-----------------+-------X O X O X O X +-X * ------------------+---------------20 -
19.5 2 O X O * X * | | X O X O C X O 2 O * | 19.5
19.0 X ----O 8 ----O X --------------X O * ----------------------------+-----------------+-------X O X ----O X O X O --* --------------+---------------19.0
18.5 X 6 X O X O X 6 X O * | | X O X O X 1 X 3 * | 18.5
18.0 X ----O X ----O X O X O X --X O X O ----* ------------------------+-----------------+-------X A X ----O --O --4 X --X * ----------+---------------18.0
17.5 X 7 | * O O X O X O X O X O * | | 6 O | * O 5 O X O * | 17.5
17.0 1 ------+-* ------O --O X O X O --O --------* --------------------+-----------------+-------X ------------* --O X O X O --* ------+---------------17.0
16.5 X * O X O O * | | X * | O X O X O * | 16.5
16.0 X ----* +-------------O ----------O 7 --X --8 --* --* ------------+-----* ----------X ------X --------* --+---O --6 X O ------* --+---------------16.0
15.5 X * | O X O X O X O 9 * X * | 5 * X O X 5 * | O X O * | 15.5
15.0 +-* ----+-------------------------O X O X O X O X O X O * --------+-----X O * ------X O X O X ----* ------+-------O X O ----------* --------------15.0
14.5 * | O X O X O O X O X O * X | X O X * X O 3 O X * | 7 O | 14.5
14.0 +-------+-------------------------O X O X ----O --O --O ----* --X O X --4 O 9 O * --X 2 X O X * ----------+-----------O ----------+---------------14.0
13.5 | | O X O O * X O X O 3 6 8 O B * 1 O X O * | 8 | 13.5
13.0 +-------+-------------------------O X ----------------O ----X --C O X O X O X O X O X O --* --------------+-----------O ----------+---------------13.0
12.5 | | O O X X O X 1 * O X 7 X A X O X * | O | 12.5
12.0 +-------+---------------------------------------------A X O X O X * --2 X O --O X O X * ------------------+-----------O ----------+---------------12.0
11.5 | | O X O X O * | O O C * | O | 11.5
11.0 +-------+---------------------------------------------O X B --* --+---------------* +---------------------+-----------O ----------+---------------11.0
10.5 | | O X * | | | O | 10.5
10.0 +-------+---------------------------------------------O X * ------+-----------------+---------------------+-----------O 9 --------+---------------10.0
9.5 | | O * | | | O X O | 9.5
9.0 +-------+---------------------------------------------* ----------+-----------------+---------------------+-----------O X O ------+---------------9.0
8.5 | | | | | O O | 8.5
8.0 +-------+---------------------------------------------------------+-----------------+---------------------+---------------O ------+---------------8.0
7.5 | | | | | O X | 7.5
7.0 +-------+---------------------------------------------------------+-----------------+---------------------+---------------O X O --+---------------7.0
6.5 | | | | | O B O X | 6.5
6.0 +-------+---------------------------------------------------------+-----------------+---------------------+---------------A X O X O --------------6.0
5.5 | | | | | O X O X O 5.5
5.0 +-------+---------------------------------------------------------+-----------------+---------------------+---------------O X C --1 --------------5.0
4.75 | | | | | O 2 4.75
4.50 +-------+---------------------------------------------------------+-----------------+---------------------+----Bearish Triangle-->O --------------4.50
4.25 | | | | | O Top4.25
4.00 +-------+---------------------------------------------------------+-----------------+---------------------+-----------------------O --------------4.00
3.75 | | | | | O 3.75
3.50 +-------+---------------------------------------------------------+-----------------+---------------------+-----------------------O --------------3.50
3.25 | | | | | O 3.25
3.00 +-------+---------------------------------------------------------+-----------------+---------------------+-----------------------O --------------3.00
2.75 | | | | | O 2.75
2.50 +-------+---------------------------------------------------------+-----------------+---------------------+-----------------------O --------------2.50
2.25 | | | | | O Med2.25
2.00 +-------+---------------------------------------------------------+-----------------+---------------------+-----------------------O --------------2.00
1.75 | | | | | O 1.75
1.50 +-------+---------------------------------------------------------+-----------------+---------------------+-----------------------O --------------1.50
1.25 | | | | | O 1.25
1.00 +-------+---------------------------------------------------------+-----------------+---------------------+-----------------------O --------------1.00
0.75 | | | | | O <--Today's move, two boxes lower.
0.50 +-------+---------------------------------------------------------+-----------------+---------------------+---------------------9 +-9 -------- Bot0.50
0.25 | 9 9 | 9 9 | 9 9 | 9 9 | 9 8 | 9 0.25
+-4 4 +-5 5 +-6 6 +-7 7 +-8 +-