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Strategies & Market Trends : Point and Figure Charting

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To: Tulvio Durand who wrote (21705)	6/23/1999 1:22:00 PM
From: Tammy DeRosier	Read Replies (2) of 34810

What I like about CSCO is that while the stock hasn't really been knocking the cover off the ball over the last couple of months, it has been making a great series of higher bottoms, a sign that supply is drying up. With the latest breakout and move ahead the stock has moved to a new high while the broader market averages haven't so that is showing good relative strength compared to the overall market. The base building that CSCO has been going through over the past couple of months will provide a "launch pad" so to speak for the stock to move higher. You also see it in the charts of WCOM and LU too. Plus, the momentum on LU, WCOM, and CSCO all just recently flipped to positive. I think the pullback in EMC is interesting as well. Tammy

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