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

To: Riskmgmt who wrote (22958)	8/9/1999 11:28:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34810

I wish I had a pool! Thanks for your compliments blush The techs certainly have gotten beaten down so a short lived last minute poopiness wouldn't be surprising but we don't have to predict. We will be so on top of it with the indicators it will almost seem like we are predicting. That's what I love about these indicators. They sensitive short terms tell us before we have a chance to wonder... CSCO broke a triple bottom so no new positions here. If long, can give it some room as it has so much support but if you are feeling edgy, can protect with some writes. Resistance at 64. 65 would reverse the triple bottom break with a triple top. 58 would be the second sell signal and would be the sign to cover any long positions. INTC has done extremely well. No breakdowns and the RS reversed to X's with the sector being negative. I don't like buying in this current atmosphere and I would put this on the "must do" list when the sector reverses up but if you did buy here the stop would be 69 for trades and a hedge point for longs. Take care, Jan I am