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

To: lobster who wrote (153)	1/28/1998 1:21:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34809

You are a selfish Lobster but I don't blame ya. In oil service everything is below the bearish resistance line. Those getting close to breaking the resistance are: GLM, BHI, and NE (very close). I'm going to take a good look tonight. I think the sector has moved up another 4% this week. I'll confirm when the numbers come in tonight. This wouldn't create a buy signal on the sector but a good indication as to where it might be headed. I was thinking of breaking stocks into sections tonight for analysis. For instance: Those with positive daily momentums, relative strength in X's and O's. Any new buy or sell signal. I'm not going to do all stocks since it would take for ever. What do you think? Jan

To: lobster who wrote (153)	1/29/1998 1:20:00 AM
From: Jorj X Mckie	Respond to of 34809

Hi Lobster (would that be a rock lobster?), Jan and I were talking off line and we both thought Halliburton (HAL) looks very strong (she mentions it in her oil service update). It never dropped below bullish support and though the chart could still use some firming up, it looks to be forming higher lows. When it hits 46, it will reverse to a column of Xs, with a clear buy signal at 49 (breaks a double top). Off course, I like CDG and SLB the most since I own them. CDG has a similar chart formation to HAL, however it has already reversed into a column of Xs. Clear buy signal at 47 (breaks a double top). Tom