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Strategies & Market Trends : Point and Figure Charting

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To: Challo Jeregy who wrote (13506)	2/3/1999 8:45:00 PM
From: Mr. BSL	Read Replies (1) of 34811

Challo, I prefer mutual funds and sector SPDRs to individual stocks but there are a few leaders that I will jump on after the get pounded down and then break up through their Bearish Resistance Line. The last good example is AMAT at 33 last October. The next good example will be US Steel (X) when it finally breaks through. Check the P&F charts for AMAT, SLB & X. Hopefully SLB will look like AMAT in a few months and X will follow suit once it joins the "Leaders who break through Bear Resistance" club. Just my opinion. Take care, Dick

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