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Strategies & Market Trends : Point and Figure Charting

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To: The Phoenix who wrote (10195)	11/25/1998 1:31:00 PM
From: Jorj X Mckie	Read Replies (1) of 34811

Gary, Have you seen the activity on ANET??? Up to 9 7/8 on volume of 300,000. Will bump into Bearish Resistance line at $11.00. I Can't believe that anything serious is happening with our good friends in Camarillo. If it tops out at $11.00 and stays for a day or two, I will likely buy puts. They have had these runups before and they have always retraced. Probably the latest beneficiary of the LU buyout rumor rotation. JXM

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