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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (11530)	12/28/1998 5:07:00 PM
From: Jorj X Mckie	Read Replies (1) of 34808

Y2K stock P&F update: (the message that I am responding too has my original view). First, I didn't like the way that IFMX was languishing so I ditched them today. I think I actually made $50 after fees. Whoopie!!! I am currently in MAST from last week and entered KEA today. MAST reversed back to a column of Xs after bouncing off of support at $25. Currently at resistance at $28. Would love to see $30 to break all resistance. This was one of my picks. TAVA broke through a double top today at $7 (high today at $7 9/16). This one was one of my picks. CBSI Broke through the double top at $31 and pegged an X at $33. Chart is very pretty but PE looks like a net/nut, as OJ would say. KEA has now decisively pierced the BRL and now has to get through a DT at $37. A move to $40 would be remove all recent resistance points. IMRS is at a spread TT at $28. Move to $29 would be peachy. I exited my position after a $10 gain. DDIM recently reversed to a column of Xs off of what looks to be a bottom. Significantly below BRL and negative momentum. Ick. CHRZ broke a DT at $25 today and is now above the BRL. Still has a DT at $26. IFMX languishing on either side of $8 for the past few days. Still below the BRL, but has a nice series of higher highs and higher lows. I exited today due to boredom. It will be interesting to see if the news that the U.S. Gov solved the Y2K problem for Social Security has any effect on Y2K stocks. Doubt it because there seems to be even more focus on the doomsday Y2K scenario. JXM

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