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

To: Jerry Miller who wrote (248)	2/1/1998 2:07:00 PM
From: Ms. X	Read Replies (3) \| Respond to of 34811

ORBI - Orbital Sciences Corp. This stock took a couple of years to break out. Looks like it had a trading band between 13-20 in 1996 and 1997. It broke through this resistance in August of '97 and since has been on a nice uptrend. Trading above its bullish support line the last signal given was a spread double top at 28 and hasn't reversed down since moving to 35. The relative strength is positive, on a buy signal and in a column of X's. The daily, weekly and monthly momentums are positive as well. The only negative thing is the sector. BPAERO reversed down in January breaking a triple bottom and a spread double bottom settling at the 44% area. This sector has bottomed at the 32% area in the past. It looks as if the sector is still weakening with a reading of 42.4% currently. Whenever I consider new positions I always take in consideration what the sector is doing. Very important to do so. With the sector reversed down and weakening, I would only buy on pullbacks and only partial positions. The stock looks great but it is at a disadvantage with the sector reversing. Also the fundamentals have to be looked at. If we strike Iraq and oil becomes an issue, airlines would probably be affected since they are so sensitive to oil prices. Oil prices seemed to have bottomed and if the oil sector reverses up that may be negative for the Aerospace sector. All the bast, Jan