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Strategies & Market Trends : Point and Figure Charting

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To: Stoctrash who wrote (8107)	10/1/1998 12:29:00 AM
From: Ms. X	Read Replies (1) of 34809

Some good pullbacks today. Drug Sector. LLY - Can buy at market with a stop of 72 (hedge point) WLA - Can buy at market. Has a range between 60 and 80 currently. AHP- Can buy at market. Stop would be a RS reversal (relative strength). SGP-Can buy at market and on any pullbacks. JNJ-Just broke a strong pattern. Can buy at market with a stop of 72 MRK-great pullback today. Resistance at 138. Can buy at market with a stop of 110. Computer Sector. CSCO - Excellent pullback today. Can buy at market DELL-Just pulled back from a very bullish pattern. Can buy at market. AAPL-Can buy at market. Trade stop of 30, long term stop of 24. IBM-Can buy at market. Stop at 118. Biotech Sector. AMGN-Can buy at market CNTO-Built a great base and broke a bullish chart pattern. Good pullback today. Can buy at market. Stop 31. LTEK-building a base. Stop of 30 which would break near support. Semiconductor Sector. RMBS-reversed up today despite market weakness. Can buy at market. Trade stop 60, long term 52. INTC-Can buy at market. Momentum just flipped positive. Close trade stop at 83, long term 76.

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