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

To: Judy who wrote (20453)	5/26/1999 4:33:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34809

Nothing like a friendly whipsaw..... INKT came back to the point of the triple bottom break at $100. This should act as a minor resistance point. Though that is certainly a nice recovery, I am not convinced that it doesn't have a little more to give up. At this point, with all of my indicators turning south and INKT doing a TBB and going below the BSL, I would not be surprised to see a test of support at $55 (spread quad bottom). I am going to stay in primarily cash until I see a clear direction in the market. As far as my funny money trades go, I will be playing puts.