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Strategies & Market Trends : Point and Figure Charting

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To: Mr.Manners who wrote (11263)	12/10/1998 12:51:00 PM
From: Jorj X Mckie	Read Replies (1) of 34816

Kasha, I can and will... DCX - Summary...I would not buy quite yet -RS positive and on a buy signal -Above BSL -Sector is on Bull Alert at 52 -Momentum is negative The chart, for its brief existence, has a general uptrend, however it just broke a double bottom recently and is now working its way back up in a column of Xs. I would wait for the chart to resolve itself by goi ng to $96. SNPS - Everything looks good for this. One of the prettier charts I've seen in a while. DWA sites says that the stock momentum is negative. I clearly don't understand how this is determined since everything else looks very positive. The only thing that I would be concerned with for SNPS is the general market direction. If you are generally bullish (I am) then it looks good for entry. JXM

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