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Strategies & Market Trends : Point and Figure Charting

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To: edward miller who wrote (22735)	7/29/1999 4:51:00 PM
From: Ms. X	of 34817

Hi Edward, The OSX has been in a base for sometime and the RS is in X's. A move to 74 would indicate a breakdown and the next support would be 70-72. The Oil sector has moved up steadily from over sold areas and has been holding. The oil service sector seems to be suffering a little but no reversal down yet. BHI and MRL both look good but BHI has an RS in X's which in this market environment is the best. Buying on a pullback around 31 or 32 is best. Buy nothing unless on a pullback. The OTC just reversed down today as well and that only leaves the NYSE BP in X's.

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