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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (9225)	11/2/1998 6:03:00 PM
From: Bwe	Read Replies (2) of 34820

Beautiful move in ETH today, Jerry. I'm quite pleased that the stock is acting so well. The move into an up column on the stock's RS chart was really the beginning of the turnaround for the stock's p&f outlook. Column changes on a stock's RS chart are powerful signals. How ETH deals with the short term downtrend line at $39, and the Bearish Resistance Line at $47, will determine if the main trend of the stock can change to bullish from bearish. I've done some work on GPS that I've posted here on the thread and I like that stock as well, though not as much right now as ETH. By the way, Chartcraft just added Fidelity's Retailing sector fund along with the Rydex Retail fund for their switch fund portfolio's. Not a surprise with the group in Bull Confirmed status. Good catch, Jerry. Take care, Bruce

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