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Strategies & Market Trends : Point and Figure Charting

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To: tracor who wrote (21099)	6/11/1999 9:44:00 AM
From: Ms. X	Read Replies (2) of 34816

Everyone; Internet stocks. When you have time this morning, go to DWA and check the charts on the internets. What do you see? Someone commented yesterday that the internets weren't "rallying" as is used to and that was viewed as a negative. My response is that yes, it was true but the stocks are creating bases and buy signals. Look at the majors. YHOO: Has built a beautiful set of higher bottoms and is on a buy signal. Excellent entry at 142 - the stop is a little way down at 130 but that is typical for this stock. RS is in O's. AOL: Three time support at 106. Each time it hit 106 it bounced to 120. Good trade entry. 122 is a triple top break while 104 is a triple bottom break. Excellent time to buy. AMZN: Has created a "V" which means nothing but it is pretty. Triple top coming up at 122. Can take positions here. CMGI: DWA RS just reversed to X's which is a great indicator. Would be good to wait for a reversal up to 106 for entry. That sets a stop at 99, which I wouldn't have as a hard stop but one to keep in mind. EBAY: Sitting at a double top at 186. 188 is a break of that top. Great entry here with an eyeball start of 176. Go take a look. You will be inspired. Jannie

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