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

To: Hardline who wrote (25541)	8/13/2001 1:50:38 PM
From: Bwe	Read Replies (1) \| Respond to of 34811

I noticed a new RS Buy signal vs the Dow for ADI (sell signal 11/00) over the weekend. Same for National Semi (7/00).

To: Hardline who wrote (25541)	8/14/2001 12:47:25 AM
From: Smooth Drive	Read Replies (2) \| Respond to of 34811

Hello Hardline, Well, forgetting overall market and sector, it's a classic range bound P&F chart. However, notice its last six O columns have all went down to the 39-40 area. But, the last one was a shorty and it's reversed back up. It's RS is up now too. Do you think it might break the formidable resistance at 52ish? Its current signal is a triple top and if it gave a double top signal at 51ish some folks would consider it a legitimate catapult because it's only six boxes up from the 43. With this pattern a long here could have a stop at the 44 box. Today's action put it back up above the 200 ma and you never know<g>. stockcharts.com Take care, Eric