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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (2507)4/22/1998 9:50:00 PM
From: Ms. X   of 34817
 
Semiconductor sector chart and comments:
After reversing down in March, the semi's found support at the 40%
level and reversed up. This puts the semi's back in good field position.
Can find good stocks here on pullbacks for new or adding too positions.

82 | |
80 ----------+-----------------X ----------| -----------------------
78 | X O |
76 | X O |
74 | X 9 |
72 | X O |
70 --------X +-----------------X O --------| -----------------------
68 X O X X X A |
66 X O X O X O 7 O | X
64 C O X O X O X O | X O
62 X O X 2 X 6 X O | X O
60 --------X O X O --------X O --O --------| --X O -----------------
58 X O X O X O | X 3 <--reversal down in March
56 X O X O X X O | X O
54 X 1 O X O X O | X O
52 | O X O X O | X O
50 ----------+---O X O ----X ----O --------| --X O -----------------
48 | O 3 X O | X O X<--This weeks reversal up
46 | O X X O | X O 4 X
44 | O X O X O | 2 O X O X
42 | O X O 5 O X | X O X O X
40 ----------+-------O 4 O X ----O X O ----| --X O --O ---<--Support level
38 | O X O X O X O | X
36 | O X O O X O X | X
34 | O O X O X O X X
32 | O X O X O X O X
30 ----------+-------------------O X O X O X O X -------------------
28 | O X O X C X O X
26 | O B O O X O X
24 | O X O X O X
22 | O X O 1 O X
20 ----------+-------------------O ------O X O ---------------------
18 | O X
16 | O X
14 | O X
12 O X
10 --------------------------------------O X -----------------------
O |
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