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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (19156)	4/28/1999 10:19:00 AM
From: Ms. X	Read Replies (3) of 34811

Let's talk internets. Remember back when the internets slid as well as the techs, and everyone (not here on this thread) was calling for the "Big one"? At that time the NYSEBP et all had turned positive. We here pounded the tables and said the slide was a buying opp. Our opinion still has not changed. Every stock and sector are going to have pull backs. It is natural, it is needed - it is in fact, a good thing. Today is another pull back. When the sectors are positive you know that things are generally going up. If you look at previous lows of most techs and internets, they are far below today's pullback. I'm saying most, there are probably some exceptions. When AOL posted good earning but it was down in pre market, I knew this was going to be a buying opp. Why? I've monitored the chart, the RS just reversed to X's, the sector is good, the market is good. I love it that the scardy pants gave up the stock for me. Remember my motto during these times "Come to Momma...". So let's take a peekikins at some of the nets. AOL. On the 5 box chart it held support at 115 during "The big one" and reversed up. Today it will reverse down on the chart but no where near the 115. Low today 145. Already the stock is up on the day to 155 and change. Tomorrow will probably show the stock reverse up on the chart with a much higher bottom. today's price of 145 was very good. AMZN. Broke triples and spread triples and God knows what else (5pt chart). Today it pulled right back to previous resistance at 195. It is now recovering some. Today will post a reversal down and probably tomorrow will be a reversal up with a higher bottom. CSCO. Has held beautifully. Didn't give you much of a pullback today but it tried, it really did, EMC. Broke a double top yesterday putting the chart back on a buy signal. Didn't budge today. NTBK. Building a triangle on the 1 box. If it breaks the triangle in a bullish fashion...watch out it gonna run! Just look at the charts and today's lows. You will get the picture. Jannie.

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