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


To: Ms. X who wrote (163)1/28/1998 9:28:00 PM
From: Ms. X  Respond to of 34811
 
What happened in oil services today. P&F TA

Bullish percent (BPOILS):
Sector actually gained strength this week folks. Up two percent to 22%. Double top buy signal is still at 32%

Selected Stocks:
EVI: No change from yesterday. Still below bearish resistance line. Reverses up at 42.

NE: No change from yesterday. Good signal at 31, a triple top buy and breaks the bearish resistance line.

DO: Reversed up on its chart. Double top buy signal at 47.

SLB: Had already reversed up yesterday and added one more box at 74. Creating a nice series of higher bottoms.

MDCO: No change from yesterday. Good signal at 22, spread double top and breaks bearish resistance line.

FGII: No change from yesterday. Last signal was a buy and has reversed from there.

CDG: No change from yesterday. Creating higher bottoms.

GLM: No change from yesterday. Great signal at 27, a spread double top buy and breaks bearish resistance line.

HAL: Trading above bullish support line. Will reverse back up at 47 then look for a buy signal at 49. Looks the best in this group.

SDC: Reversed up today after creating a double bottom at 34. Next buy signal at 41. Still below bearish resistance line.

FLC: No change from yesterday. Good signal at 35. Will have a double top buy signal and break the bearish resistance line.

TDW: Only one in the group who has recently given a sell signal at 41.



To: Ms. X who wrote (163)1/28/1998 9:29:00 PM
From: Ms. X  Read Replies (2) | Respond to of 34811
 
What happened in Precious metals today: P&F TA

Bullish percent (BPPREC): Bull Alert! The sector was down to 8% oversold area. In one huge swoop, the sector reversed up to 28%! Triple top buy signal at 32. Sector is certainly making a comeback.

Selected stocks:
ABX: Broke a double top at 20. Trading right at bearish resistance line. RS is in O's but getting stronger. Not far off from a reversal up. Daily momentum is positive.

ASA: Trading below its bearish resistance line. Broke a double top at 23 creating a higher bottom as well. RS is in a column of O's but is getting stronger. Daily momentum is positive.

HM: Reversed up from its long fall to 8. RS is negative however, daily and weekly momentum has turned positive.

NEM: Trading below its bearish resistance line. Last signal was a sell signal but it has reversed up from there. Would break a double top buy signal at 31. RS is negative however, daily and weekly momentum has turned positive.



To: Ms. X who wrote (163)1/28/1998 9:30:00 PM
From: Ms. X  Respond to of 34811
 
XAU PHLX Gold & Silver Index: XAU: I'm a little behind in this one. Index gave a double top buy at 73, spread double at 76, spread triple at 77, spread double at 78 and another spread double top buy at 79. The only thing left to do is another spread double top buy at 80! It is still below its bearish resistance line but that was 5 buy signals in a row. Any questions where this may be going?



To: Ms. X who wrote (163)1/28/1998 9:38:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
What happened in the computer sector today. P&F TA

Bullish Percent (BPCOMP): Sector is still in a column of O's at the 32% level. This week it did improve by 4% to 36%, but it needs 38% for a reversal up. Buy signal at 44%

Selected stocks:

AAPL : Last signal was a double top buy at 19.5 which broke it through its bearish resistance line. RS is in X's, daily momentum turns positive at 20.33.

ADPT: Trading well below the bearish resistance line. Trend is in a column of X's but no buy signal until 40. Rs is in O's and on a sell signal. Daily momentum turned positive one week ago. Stock has a way to go.

AOL: Trading well above its bullish support line. Last signal was a spread double top buy at 94. Currently in a column of O's. RS is in a column of X's. However, the daily momentum has crossed to negative will cross positive again at 102.

ASND: Still well below its bearish resistance line. Last signal was a double top at 29. Currently it is in a column of O's. RS reversed up but is still on a long sell signal. Daily momentum turned negative a week ago, cross positive at 32.

BAY: Trading at bearish support line. Currently in a column of O's. Move to 30 would be a triple top buy signal and a break of the bearish resistance line. RS is negative and in O's. Daily momentum is negative turning positive at 28.75.

COMS: Trading below bearish resistance line. Creating lower tops. Last signal was a sell signal. Relative is in a column in O's and continues to weaken moving down one more box. Daily momentum is negative.

CPQ: Trading above its bullish support line. Last signal was a double top buy at 32. Has pulled back to 29. RS is in a column of O's but the last signal was a buy. Daily momentum is negative crossing positive at 32.25.

CSCO: Trading above bullish support line. Just broke a spread triple top and a triple top. Trading at an all time high. RS is positive, on a buy signal and in X's. Daily momentum just turned positive.

DELL: Trading well above its bullish support line. Last signal was a spread double top buy. RS just reversed up today indicating the stock should outperform the market. Daily momentum turns positive at 98.25.

IOM: Closed one box lower creating a spread double bottom at 8. RS just reversed down today indicating it should continue to underperform the market. Daily and weekly momentums are negative.