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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (9038)	10/26/1998 8:54:00 AM
From: wizzards wine	Read Replies (2) of 34809

Morning Jerry, In looking at AMAT and a target of 39-40??? RS buy in O's, and it just broke the BRL by 2 boxes after a 14 box climb. Right now I'd be looking for a pullback to around 30 and then like to see it get to 35 even, for if it only makes 34 that would set it up for a move of the BRL to the right by one column as it did once before... KLAC on the other hand, boy what a powder keg, RS buy in X's and look at the platform in the 22 to 25 area and the blast off after words!!! NVLS not quite as much base building but still RS buy in X's, having just reversed back from being in O's for a while and it too looking strong and in an area of previous support 37 to 41... Just my thoughts Jerry, Later Preston

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