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

To: XOsDaWAY2GO who wrote (71)	1/23/1998 11:26:00 PM
From: Ms. X	Respond to of 34823

Hey there, Thanks for joining us. Great question. I would agree that we probably are early with gold. However, I look to see what the sector is doing and clearly demand is coming in. Why? I'm not an economist but I think when Asia turns around (and it will it already has to some extent), interest rates rise and bonds drop, gold will be going up. When the short squeezers come in that tells me just about everyone who is going to be bearish on the sector is in. What's left, buying. Contrarian works here. ALTA: Trading below bearish resistance line. Looks as if it is at its all time lows. Doesn't move much does it? Stock needs to move to 4 to break its bearish resistance line. I would hold off on any new positions until ALTA starts to firm up. As for the oil drillers I think we have started a turnaround.It is going to be volital but we have good "field position". I'll post when there is a buy signal for the sector. The sector is in bear alert, what we call the green zone, and in a column of X's. Good start. Yes, it is fun when everything goes up but knowing what the sectors and market are doing can fill you with a sense of calm during turbulant times. When sectors are low like Oils serv and precious metals, it is good to buy strong stocks in those sectors, for long term. Best of luck!