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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (2923)5/11/1998 11:29:00 PM
From: Ms. X   of 34816
 
Hey Judy,
Tom had some hairbrain idea (that's for you Tom :-))about some networking stocks getting togehter. I think he made it up just to get back at me for something but I'm not sure what yet. I consider it my tuition for the year. Last year I bought EGHT (not on Tom's recommendation by the way) and that was my tuition cost for '97. We all pay those on occasion.(Actually, some of the Tom Dietz things work out well. He finds some good wing on a prayer kind of stuff and he knows a lot about the networking biz...).

Dell if it reverses (looks like it will tomorrow), will be on a high pole. A popular tactic to use is to sell a stock on the reversal from a high pole. For Dell that would be now. Daily mom -, but weekly and monthly still positive.

SPY: momentums turned negative and it has run up pretty good. 106 would be a three box reversal. Still looks good.

Thanks for the info on the internets. I'll look at my positions tonight.

CMGI pooped out on you. Next support at 81. Weekly mom just turned negative.

Take care,

Jan I am
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