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Strategies & Market Trends : Point and Figure Charting

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To: Gottfried who wrote (959)	2/21/1998 10:09:00 AM
From: Jerry Olson	Read Replies (2) of 34812

Hi GM, how are you??<g>.. This is for everyone...I looked at some charts today and here's the stocks with some potential...any comments would be appreciated... DIS---if it comes back to 100 according to P&F it would be a buy...I think it will be a good split candidate..hit 114!!!!!! SMOD--I own the Mar 35's I paid 2 3/8ths...As you know it tanked on Fri...I believe after looking at the chart it's a "steal" here for a nice trade...I'll probably double my position...nice comments from DW. & the street loves this stock... MRK---My favorite "Blue Sky Breakout"" they will NOT sell this off..They probably will announce a split on the 24-25th of Feb, it's going to fly some more... ICN---Another breakout stock... WLA---just tested good support here at 144-145, should explode up to all time highs... CA---I own the Mar 50's just completed a 3 box reversal to the upside with a lot of room... AVEI--just built a great base at 78, actually broke out the other day to all time new highs..stocks that do this usually selloff a bit and then explode up up & away...great 4 box reversal and looks like it will try to break a double top shortly.. NOKa---this stock has just announced a major Board of directors meeting for March 24th...i'll bet it will be to announce a stock split... this could be a major run up in the next 3-4 weeks... These are some food for thought stocks, any comments will be welcome... My Regards, Jerry

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