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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (17497)	4/12/1999 9:06:00 AM
From: Don Pueblo	Read Replies (1) of 34809

Some serious selling going on this morning. Interestingly, WCAP does not look extremely weak so far... CPQ's announcement is really quite bad. I wouldn't touch it. The degree of the declines this morning in HWP, INTC, GTW, etc. will be a good thermometer of how much the day traders believe in this bull market. Anyone looking for a long entry point this morning could watch for their chosen stock to look stronger than the overall market, but be aware that some large players will be looking to get out of stocks at the best price they can...which means upticks can be head fakes. I wish Cramer was on CNBC today. I'd like to see what Joe Kernen would say to him this morning. I used to really like Joe, but that crap he threw at Cramer last week really soured me. I do, however, have Cheetos and Cuban coffee.

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