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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (2741)	5/5/1998 5:18:00 PM
From: Bwe	Read Replies (1) of 34811

CDG is following through on the "bullish catapult" pattern I described in post #2746. Up another $1 3/4 today to $55 3/4. Bullish Catapult at $54. The stock has now decisively broken it's bearish resistance line which has been in force since 11/97 at $83. Below market multiple of 16x last years earnings and a 12 p/e on FY 98 earnings. Not an expensive stock. CDG is headed over $60 on this upmove, IMHO. Interested in others thoughts on the strength in the Oil Service group (X-60 Bull Confirmed) vs the weakness in the Aerospace/Airline (O-66 Bear Alert). The stocks in each sector are talking, but the price of oil is still not listening. I think the sector action is telling us that oil is going higher from here. Take care, Bruce

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