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


To: The Phoenix who wrote (20072)5/17/1999 4:20:00 PM
From: Tulvio Durand  Read Replies (2) | Respond to of 34811
 
EMC, while on O row, remains on buy signal. RS is buy; sector is Bull Confirmed 50+. Good entry and add-to point, IMO.

Tulvio



To: The Phoenix who wrote (20072)5/17/1999 6:26:00 PM
From: Bwe  Read Replies (2) | Respond to of 34811
 
EMC is looking a bit ugly, short term, however, the long term uptrend remains intact.
Today's action moved the stock into a High pole pattern. This increases the odds of a revisit to the $95 level. At that level, EMC has lots of good chart things going for it. The 30 wk MA ($95.37) and lots of horizontal support awaits. The long term BuLlish Support Line (BLSL) is at $83.
The stock looks good to me between $96 - $100 where the stock can easily get going once again and have a good run to the unofficial BeaRish Resistance Line (BRRL) at $116.
RS is B- (RS Buy in O's) so the short term trend remains dicey.

Best regards,
Bruce



To: The Phoenix who wrote (20072)5/18/1999 8:10:00 AM
From: wizzards wine  Read Replies (1) | Respond to of 34811
 
Morning Gary, EMC looking better with higher bottoms and a nice pull back...I'd look at a stop of 93...at this point...

With the Hi/Low looking like it could reverse, this may bring things back down into a better buying area for a number of issues...

Later

Preston