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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (5191)7/30/1998 12:37:00 PM
From: Jorj X Mckie  Read Replies (1) of 34811
 
Hey Mr. Wizzard (I loved that cartoon),
A couple of weeks ago you accused my ALTR position of being a TDT...which it may have been though I made a penny or two. I exited that position a few weeks ago and re-entered yesterday mainly because we broke through the BRL. RS positive. Still not what I would call a strong buy signal, but it looks like a move to 41/42 could be a good indication. I am also looking at the sympathy play with CSCO earnings. Any opinions???

Also bought ASND yesterday. It broke a double bottom yesterday, but I think that LU buyout rumors will bouy it up through Oct. (although I think that the rumors that they are buying Stratus is hurting them.). Again, opinions?

Other than CSCO, these are the only things that I have working right now.

How are things in the land of wine and honey?

Tom
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