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Strategies & Market Trends : Point and Figure Charting

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To: mph who wrote (3465)	6/9/1998 6:09:00 AM
From: Bwe	Read Replies (3) of 34811

Chartcraft Report......The S&P 500 and 100 indicies gave p&f buys on their charts.....E-Trade had Bear Trap (gives triple bottom sell signal, in this case a quad bottom sell, and reverses yo an up column without dropping even one more box). The bear trap is a signal of a bottom and that the last of the sellers have thrown in the towel.....Petsmart (PETM) was bought for the Chartcraft portfolio.....Notable stocks with Buying Climaxes (new 52 week high but finishes with a loss for the week).....Tommy Hilfiger, Peco Energy, Ben & Jerry....Ralston Purina.....Notable stocks with Selling Climaxes (new 52 week low but finishes with a gain for the week..sign of a bottom)....Chesapeake Energy, Adaptec, Employee Solutions, VLSI, Broderbund, Comp USA, General Cigar......Warner Lamber had a High Pole Top...... Have a good day everyone.. Bruce

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