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Strategies & Market Trends : Point and Figure Charting

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To: The Phoenix who wrote (20072)	5/17/1999 6:26:00 PM
From: Bwe	Read Replies (2) of 34811

EMC is looking a bit ugly, short term, however, the long term uptrend remains intact. Today's action moved the stock into a High pole pattern. This increases the odds of a revisit to the $95 level. At that level, EMC has lots of good chart things going for it. The 30 wk MA ($95.37) and lots of horizontal support awaits. The long term BuLlish Support Line (BLSL) is at $83. The stock looks good to me between $96 - $100 where the stock can easily get going once again and have a good run to the unofficial BeaRish Resistance Line (BRRL) at $116. RS is B- (RS Buy in O's) so the short term trend remains dicey. Best regards, Bruce

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