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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (11235)	12/9/1998 6:58:00 PM
From: wizzards wine	Read Replies (1) of 34816

Judy My Dear, Of course I'll do ASND for You… Our original PO was 66 and taking some profits today at 65 was likely a good thing. On a new vertical count out of the triangle and triple top break at 49 , I look for a PO Of 88 if the market continues to go up. The RS going to a Buy is OK, but it also shows that a good percentage of the move has passed, but there is still more left generally… The last pull back to 61 gives you a trading stop of 60 for use as you see fit, but if it does not exceed 65 and go to 66 on this run up in X's I'd watch all of the indicators like really close. We are seeing the short term indicators starting to rotate back down, and the next to fall may well be the Optionable Bullish this evening…someone will update I'm sure… As you know, with the tax selling and window dressing in the next few weeks of this year many things can happen so watch your stops. IOM the stop is a double bottom sell at 6.0 …this may play back up later, but I'll still have a nice profit Even if I get stopped out…BSL is way down at 4.25 and I'd buy more after getting stopped out if it stops there… JMHO Thanks for asking, Sorry it took SO LONG but SI BOMBED both of my attempts earlier, so I did this in Word and cut/pasted...thus the funkie style!!! Later Preston

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