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Strategies & Market Trends : Point and Figure Charting

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To: R Stevens who wrote (4009)	6/22/1998 10:05:00 PM
From: Les H	Read Replies (4) of 34816

CLMT and NRVH are approaching breakouts here. I had three industry groups flagged for P&F breakouts in AIQ today -- Computer-Services, (in which CLMT is a member), Retail-Supermarkets (in which SWY had a breakout), and Building-Mobile/Mfg/RVs (in which NRVH is a member). The Building-Residential/Commercial and Building-Mobile/Mfg/Rvs seem to now be following up in the rotation after the Utilities groups led. In the Computer-Services, the following are all rising up with similar chart pattern to CLMT: CBSL, IMRS, KEA, CPWR, and probably many more. Nice article in Washington Post on Sunday: they now recommend Cash as an attractive investment. It is the feature article in the Business section. Last October, both the Washington Post and New York Times simultaneously ran articles advising people to buy oil field services stocks (it looked almost as if some mutual fund had put it out there for mass consumption, similar to Fidelity's recommendations on semiconductors at the peak in September 95).

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