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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (15359)	5/4/1999 11:56:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

Hi David,Sergio,et all...Yes I'm beginning to really like Point and Figure--my simple mind can understand it<g>..Just picked up some PKD at 4 1/16...I see resistance at 4.50 (a spread double top on the chart) and it looks like 4 3/16 kicked it's butt this morning..But it's trading in a column of X's and sector momentum is intact,,but I do expect some retracement in the OSX...this one is on the risky side,,a break above $4.50 and we should be off to the races...Finacially this company isn't on the best footing,,but I expect the Gulf to pick up before deepwater...What's your chart read for PKD? TIA..DD PS: I sure didn't "diversify" to far did I<g>