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Strategies & Market Trends : Point and Figure Charting
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To: Ben Antanaitis who wrote (2549)4/23/1998 11:56:00 AM
From: Ms. X   of 34812
 
Oil Service stocks: Buy.
This sector is still one of the best places to initiate new positions.
Below are some stocks to consider. Part 1 of ?.

SLB:
Daily/weekly momentums positive. RS negative.
Just broke out of a triple top which is a powerful signal.
83 *
82 *
81 X * X <--Triple top buy.
80 X O --* -- X X --X -----------
79 X O * X O X O X
78 X O X X * 3 O X O X
76 X O X O X O X O X
75 X O X O X O X 4 X ------- Med
74 X O X O X O X O X
73 X 2 O X O X O
72 X O X O X <--Stop point.
71 X O O X
70 ----------O X ---------------
69 O X
68 O X *
67 O X *
66 O *

MDCO:
Daily/weekly momentums positive. RS negative.
Broke the brl and has held the new bsl well.
Demand is clearly in control here.
29
28
27 Top
26 X <--4th consecutive buy signal.
25--------------- ----------X ------------
24 X 4
23 X O X
22 * X X O X
21 * X O X O Med
20 - ---X ------X --X O X ----------------
19.5 X O X X O 3 O X
19.0 O X O X O X O X ----------------
18.5 O X O X O X O X *
18.0 - O X O X O X O --* --------------
17.5 O X O X O X * <--Stop point
17.0 O X 2 --O --* ------------------
16.5 O X O *
16.0---O X --------* ----------------------
15.5 O X *
15.0---O X ----* --------------------------
14.5 O X * Bot
14.0---O X * ------------------------------
13.5 O *
13.0---* ----------------------------------

DO:
Daily/weekly momentums positive. RS negative.

51 *
50---------* ------X --------------
49 * X X O X
48 X X O X O X
47 X O 3 O X O X
46 X X X O X O X O X Med
45 X O X O X O X O X O X ----------
44 X O X O X O X O X 4
43 X O X 2 O O X
42 X O X O X *
41 X O X O X * <--Stop point.
40 X O ----------O * --------------
39 *

HAL:
Daily/weekly momentums positive. RS negative.
This stock has been one of the strongest in the sector.
Only slightly crossed the brl but bounced back up nicely.

54 ? <--Double top break
53 X X
52 X O X
51 X X O X
50 ------------3 O X O X ----------
49 X X O X 4 Med
48 X X X O X O X
47 X O X O X O X O X
46 X O X O X O X O X
45 X O X O X O X O X --------------
44 X O X 2 O X O X *
43 X O O O X *
42 X * O *
41 * * <--Stop point.
40---------* ----------------------
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