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

To: HiSpeed who wrote (20159)	5/20/1999 12:01:00 PM
From: feewaybill	Respond to of 34811

Hi Hi<g>, You posted a question to a beginner piffer so beware. (maybe Jan, Tammy, Bruce, or other piffers will help out ;) PFE is in the DRUG SECTOR which is BULL CONFIRMED(green light)at good field position 40%. Stocks from this sector can be placed on watch lists and good chart patterns can be bought here. This sector should move higher. Although PFE's sector is strong its chart is weak. It's coming off an April High Pole Top and has given two sell signals in a row(broke double bottoms). It's still in a column of O's with RS on a SELL in O's. I don't know your trading/investing mindset(long vs. short)but it would be wise to wait for PFE's chart to firm up some. By that I mean reverse into X's, base a little, make higher tops and bottoms,buy signals,ect. Also if you are liking the Drugs, MRK chart is looking strong. Pulled down to support (bullish Support Line) after making a double top buy signal,making higher tops and bottoms,ect. Enter here with stop at 67. Sorry no time to look at SGP maybe later today.....Bye Hi<g>