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Strategies & Market Trends : Point and Figure Charting

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To: Quest who wrote (4062)6/24/1998 6:11:00 PM
From: Ms. X   of 34827
 
Hi Q,
When the NYSE BP is in O's you want to be cautious with what you purchase or defensive with what you own. You can buy, just make sure that the stocks you purchase are technically sound.

For instance, a lot of sectors are in areas where they have bottomed out before and you could look in these sectors for purchases.

MAST did break the BRL which is good. Also higher bottoms and two double top buy signals. Daily and weekly momentum positive with monthly turning positive at 28.25. Nice to buy on a pullback at 22. Stop of 16.5

SYNT is looking good. RS in O's but getting stronger. Momentums positive. Just broke triple top. Stop of 21, triple bottom break.

Take care,

Jan I am
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