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Point & Go Figure...


Geek's gotta eat!


So we've finally made it to Friday. The broad context remains positive and although we're extended in the short-term, the onus is on Boo to make a case for the big picture problems to manifest. I have no doubt that will happen eventually, but in the meantime Hoofy's gotta eat, and Boo has to keep discipline foremost in his mind as demand has the clear edge over supply here.

Meanwhile, here's a look through some charts of interest in point & figure land as we make our way toward the end of another week:

All charts courtesy of Dorsey , Wright & Associates.

Rydex S&P Equal Weight Index ETF (RSP)

Oil Service HOLDRs (OIH)

Pharmceutical HOLDRs Trust (PPH)

U.S. Steel (X)

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No positions in stocks mentioned.

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