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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (5192)	7/29/1998 3:05:00 PM
From: Mr. BSL	Read Replies (1) of 34811

Hi Jan. Thanks for the sector update. I noticed that the semi's are now in a column of O's, down to 26. Once again the semi's give us a head fake after going Bull Alert. This is actually great news because stocks in this sector often give us tremendous gains after the sector goes Bull Confirmed. Of course the market (BPOPTI or BPNYSE) will have to turn around first but when it does, be ready to grab some semi's when BPSEMI goes Bull Confirmed. Just another dot, along with oils and osrv, to put on your radar screen for future reference. BTW if you go way back to around post #52 you'll see we had this discussion last time the BPSEMI went Bull Alert. The lesson from last time - stay away from semi's when the sector is only Bull Alert. Take care and keep up the great work

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