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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (7528)	9/21/1998 7:13:00 PM
From: Jorj X Mckie	Read Replies (2) of 34811

Hey Jer, I haven't really played or watched the indexes and am not familiar with how it may be different from a reading on a stock, so all I can do is the basic glance at the chart. Looks like the SOX is currently right at a DT at 218. However we do have two higher lows. Move to 220 would break the DT resistance and give a buy signal. Still below BRL so some caution is in order. I am waiting until we retest 7600 on the DJIA before I enter long on anything. I am in your court that the semis do look good. What I liked about ALTR is that it is right at support with a good looking chart, where others are in a column of Os with a few points to go to get to support (INTC) or way off support line after a nice runup (RMBS). I would still solicite input from others on SOX. Tom

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