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Technology Stocks : Cymer (CYMI)

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To: ScotMcI who wrote (22459)	7/12/1999 10:43:00 PM
From: Dennis J.	Read Replies (1) of 25960

For all you long-term CYMI investors who held through the big decline back in 1997, I feel your pain. But the warning signals were there to be seen. While I cannot show you the point-and-figure chart, you can see one at www.dorseywright.com by signing up for the two week free trial. In 9/97, CYMI broke out of a double-bottom formation and gave a short-term sell signal at $43. It continued down to 32 without a 3-box (3-point) reversal. It then reversed up to 39, before declining again, and gave a second sell signal by breaking a double-bottom at 29. This one must be heeded, as the stock broke the long-term bullish-support line at 30. CYMI then gave four more sell signals before finding an intermediate bottom at 14. P&F would have kept you out of most of the decline, with good re-entry points at 12 and 18 to enjoy most of the up-move now at hand. Exit above 40, and re-enter below 20. Not too shabby. Check the chart for yourself. Then buy the book. It's an easy read, and you will greatly improve your stock selection and entry/exit timing. All just my opinion, of course. And it works for me. Good luck. Dennis

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