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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (48)	1/23/1998 2:51:00 AM
From: Ms. X	Read Replies (2) of 34809

We have several sectors which have peeled off the highs created last July, sitting in great position below the 30% "bear alert" green zone. Oil Services Semiconductors (which are looking great) Electronics Biomedics and genetics. Precious metals is very close to a reversal up (watch those interest rates) This is the new opportunity area and I am buying my new positons only in sectors who have moved to this low level and who have reversed up. I like the opportunity it brings. Semi's have caught my eye. I'm in the process of searching through the semi stocks to see what looks good. Xilinx and Intel come immediately to mind. Intel is just sitting and waiting. Doesn't look as if the sellers are out there anymore which leaves room for the buyers to come in. The NYSE bullish percent is still in a column of O's. The indicator did firm up but is about 2% away from a reversal. I'm checking to see how many actually buy and sell signals have been created and what position this indicator is in tomorrow. I'm finding it increasingly hard to ignore this indicator. Tells us what the market has in store for us. Until I can check on the indicators further... -Ness

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