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Strategies & Market Trends : Point and Figure Charting

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To: Dennis J. who wrote (12149)	12/31/1998 12:55:00 PM
From: Jorj X Mckie	of 34817

Dennis, The decision was based on the P&F chart coupled some very basic fundies and with my belief that Y2K stocks that appear to have a future longer than 365.75 days from now, will do well going into 1999. The P&F chart for IFMX was showing some strength and had a very nice pattern with higher highs and higher lows even though it is below the BRL and has negative RS. If you were looking strictly at P&F, you might consider this a TDT. However, I would not in the big picture consider it a TDT. Look for a pause at $10.00 on this (BRL and DT). If it hits $10.5, look for the BSB. I actually exited my position in IFMX a couple of days ago (which I posted on this thread). The stated reason was boredom. The two Y2K stocks that I have are MAST and KEA. Tom

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