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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: HoodBuilder who wrote (22849)	8/4/1999 3:39:00 AM
From: Dana Johnson	Read Replies (1) \| Respond to of 34808

Ok, Arch is calling for the second crater this year and Elaine is bullish. I'm unconvinced. I think we will have extreme mood/price swings and light volume this month. Frankly, I think a number of stocks are looking attractive. I own RAMP which seems to be demonstrating support here at ~$18 and am looking at DRIV which has broken BSL but is just above a fairly strong support area. Of course, I'm probably not be Y2K compliant.... don't trust my date codes!

To: HoodBuilder who wrote (22849)	8/4/1999 3:58:00 AM
From: Tommy Dorsey	Read Replies (1) \| Respond to of 34808

Mike Arch is involved with Astrology. STick to Supply and Demand. As mentioned weeks ago this is playing out like 1996 summer. As you know all short term indicators point down which means batten down the hatches on the short term. What this has suggested is happening and in particular to the tech stocks which the OTC BP also suggested last week. Bonds remain on sell since Feb. 4 so nothing new there and close or has made a new bottom. Most tech stocks have already suggesting defense in some way as have their sectors. Go back and re=read I think 3 fridays ago write up on semiconductors and technology stocks in our archives. Might help understand what is going on. Can't sleep in Fl. tonight. Tom

To: HoodBuilder who wrote (22849)	8/4/1999 6:42:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34808

Hi Micheal, I tend to agree but only time and our indicators will tell for sure...and I for one am not taking any undue risk P&F will keep us out of the biggest portion of harms way, but I like JXM prefer sleeping at night with little exposure to the down side risk... By the way, I reciently spoke to the people whose model I've been following...it still shows a decline to the 7000 region...I'll follow P&F with the NYSEBP reversing down today. Later Preston