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

To: james r. davila who wrote (262)	2/1/1998 8:46:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Point and figure would note an "action point" at 15, reversing the chart up and flipping the daily momentum positive. Stop of 12 a double bottom break and violation of the bullish support line. RS is positive on a buy and in a column of X's Sector reversed up some time ago and is currently at the 40% level and in X's. Sector is good (software), RS is good all we need is the daily momentum to catch up. SOX (semiconductors) gave a double top buy signal at 290 and the SOX compared to the SPX has a strong relative strength. Looks good, wonder if it will give a pullback? All the best, Jan