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Strategies & Market Trends : Point and Figure Charting

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To: ViperChick Secret Agent 006.9 who wrote (3379)	6/4/1998 5:00:00 PM
From: wizzards wine	Read Replies (2) of 34811

Hi Lisa, TXN got a 3 box reversal into X's with the 51 1/8 high of today. It is still RS Sell in O's. A lot of the tech sector followed INTC today after news yesterday that INTC would not preannounce an earnings disappointment today. I would look at the word today carefully. That does not preclude them from pre announcing at a later date or some other creative things. INTC too got a reversal into X's today. It is not uncommon for stocks to get blips back into X's after a long fall similar to these two have had lately. Indicators are still negative and the volume was below normal and there are no buy signals. I look forward to Sammie's comments later. Hope this helped some. Later Preston

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