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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (6471)8/28/1998 10:36:00 PM
From: Hardline  Read Replies (2) of 34810
 
My Stocks Picks:

Will since I am a rookie, I am only going long and my logic and back-up may not be very good. I am very open to comments. It was not easy finding 5 stocks that I follow from a fundamental basis that look good.

1. Long MRK
-Double Top
-Rising bottom
-Had a little pull back today.

2. Long EDS
-Double Top
-Rising Bottom (so far)
-Had a little pull back this week

3. Long MSFT
-Forming a triangle
-Rising bottom (so far)
----I know this is only P&F but it should be noted that MSFT's market cap is larger than the total of 6 of the 9 largest market caps of Asian Countries.

4. Long TCLN
-Rising bottom
----Once again I know is P&F only but they are real close to finding a cure for cancer. If they do have a cure for cancer, it does not matter what the world markets are doing. I believe their real pop will occur in November but I am hoping that the word will leak out in September. Check out today's press release and you will see what I mean.

5. Long Talk (can I do a limit order the next time it reverses if not see #5.1).
-Double Top

5.1 Long TYC (I think this looks good but I would appreciate people's comments)
-Double top buy signal and no sell signal yet.
-Rising bottom

***If you do not like my 5 or 5.1 choices, I will stay in cash.

Hardline
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