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


To: Don Pueblo who wrote (18518)4/19/1999 10:19:00 PM
From: Lost1  Respond to of 34824
 
DIMD chart--We've definitely seen worse. Nice tight stop at 5.5. Once that BSL is popped and it's broken the DB you can assume the party's over. You could even use 6 (BSL penetration).Since there is a positive story (ESST) in conjunction, it wouldn't be a too bad of a play..Of course there's the poor RS and risk factor(neg & bull correction38-).



To: Don Pueblo who wrote (18518)4/19/1999 10:49:00 PM
From: Richard Makowiec  Respond to of 34824
 
<<<That DIMD chart looks a little scary to me. I gotta study more P&F>>>

Just suggested it for a short term (1-2 day max, probably only 1) tug from ESST. Any longer than that and it's very risky (more risky than a day play). ESST & DIMD move together on some days against CREAF moves. Not 100% but worth a look in the am.

Happy trades to you,
Rich