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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (18938)	4/23/1999 1:32:00 PM
From: Ms. X	Read Replies (3) of 34808

RE: Price objective for AMZN and NTBK I did the count on the 5 box because it really isn't worth trying to count the lower box charts. They are way too volatile and the 5 box filters the noise out better. Clearer picture. AMZN today just broke a triple AND spread triple on the 5 box. Needless to say this is extremely bullish. The price objective is 295/300. NTBK chart looks good as well and has a price objective of 300. Split 3:1 on May 11th I believe. Internet sector reversed down from 82% to 32% and then reversed back up... not sure where it is now. Most internets pulled back to the middle of their trading band and have begun to rally again (you must have noticed). This is a good time for internets! :-)

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