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Strategies & Market Trends : Point and Figure Charting

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To: Klinger who wrote (394)	2/5/1998 9:26:00 PM
From: Ms. X	Read Replies (1) of 34816

Hi John, LRCX just hasn't been performing well at all. You probably know that. It really fell when the semiconductor sector reversed down in September, actually it looks like it began its decline before hand. Right now it is still trading below the bearish resistance line. This is the main resistance for the stock. It looks as if it found its bottom at 22. It currently sits at a double top and a move to 28 would break this resistance and would be the first buy signal off the bottom. I would wait for a series of higher bottoms and some more buy signals to make sure this stock has demand coming in. Semi sector did reverse up over a month ago so it is important that this stock start to perform well. The relative strength is in a column of O's and the last signal was a sell signal. Others look better in this sector. All the best, Jan

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