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Strategies & Market Trends : Point and Figure Charting

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To: ViperChick Secret Agent 006.9 who wrote (12558)	1/11/1999 1:19:00 PM
From: Bwe	Read Replies (1) of 34811

Good afternoon, Lisa. Not much trendline support for NT at these levels. The broken Bullish Resistance Line (brl) at $52 could provide minor support. A Short Term Uptrend Line (STUL) at $46 is the next supportive trendline. The "official" BSL is at $30. Watch $51 as that would be a High Pole for the stock and could indicate a possible move toward $45. Just something to keep an eye on. As it stands now, DIS has broken it's BRL at $34 with a second Double Top buy signal. brl is at $38 and the po is $53. DIS has not given two consecutive p&f buy signals since December 1997'sTriple Top buy at $30 and the April '98 Catapult at $39. The HPT that followed those buy signals in May has turned out to be the top in the stock that has lasted to this day. The BRL that was broken today was drawn above the July, $40 high. By the way, Lisa, a broken brl served as recent support for DIS' recent retreat that stopped at $30. Take care, Bruce

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