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Strategies & Market Trends : P&F Research

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To: Ms. X who wrote (119)	6/19/1998 10:48:00 PM
From: Les H	Read Replies (1) of 389

Although my database has only 33 bullish P&F breakouts opposed by 74 P&F breakdowns, here goes. I only have four selections. All were flagged as point-and-figure bullish breakouts. I've also tagged () the two below that also have breakouts from ascending triangles. Of these two, Cintas also is nearing breakout of all-time high and another ascending triangle dating back to 96. CTAS Cintas Linen Supply 49 WCOM Worldcom Telecom Services 47 1/16 XYLN Xylan* Telecom Equipment 28 3/16 SGE Stage Stores Apparel Retail 52 1/2 In terms of accumulation/distribution, money flow, and on-balance volume, I would rank SGE first, WCOM and XYLN next, and CTAS last. Each of the first three have volume indicators leading the price higher. Cintas would be the defensive stock of the group as one of the more consistent earnings companies in the market. The other three stocks are in timely industries where I've seen more stocks making new highs than in other groups, especially Telecom Services and Apparel Retail.

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