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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (15115)	3/7/1999 6:14:00 PM
From: Bwe	Read Replies (1) of 34811

Jan, Home from the Knick game and doin' some p&f. Three of the stocks you mentioned, EMC, HD, and TWX are all favorites of mine. AMGN is an old favorite and one I watch closely. Just added to an existing position in HD. I like the chart. EMC held the Revised Bullish Support Line (RBSL) at $98 by not giving a sell signal at $96 on it's recent retreat. The stock remains on a February buy signal at $104. The price objective is $128 for those interested. A Bullish Resistance Line (brl) could limit an impending breakout above the recent $108 highs to $116. I'll take it. A move to the $110 would be very bullish as it would break two previous tops at $108 and one at $106. RS is bullish and as I see it, the p&f chart looks very good. Take care, Bruce

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