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


To: Ms. X who wrote (308)2/3/1998 1:59:00 PM
From: XOsDaWAY2GO  Read Replies (1) | Respond to of 34816
 
Jan, what is SFAM showing?

Barbara



To: Ms. X who wrote (308)2/3/1998 3:00:00 PM
From: Ms. X  Respond to of 34816
 
Semiconductor pics - Matthew.

INTC is looking real good. RS is in a down but looks like it may reverse up soon. I have to say buy on pullback since it has run up so high (3-6pt pullback).This one is going back up to 100.

XLNX: Has broken its bearish resistance line. If it moved to 43 today it broke short term resistance. Looks like it could move to 55.

All of these below have a strong relative strength, are above the bullish support line and whose momentums are positive (daily/weekly).

ASTSF Ase Test Limited - This one has been going like mad. 2/1 split announcement. Needs to pullback some, too extended. Should be watched and a 97/96 range would be good range for a buy.

MSCC Microsemi Corporation - Pullback to 19 would be a good entry point.

MXIM Maxim Integrated Prods Inc - Would wait for a move to 39 (I have no idea where they are today) a spread triple top and spread double top resistance, for the signal to initiate positions.

PMCS PMC Sierra Inc.- Move to 26 breaks all resistance. Would wait for spread double top buy signal at 26.

QKTN Quickturn Design Systems Incorporated- A lot of resistance at 16. Would wait for a break to 17.

Seems to me any of these stock would be good to enter on any weakness.It is good to buy on pullbacks but you can enter partial position and then add on weakness. Depends on your style. Also, FA must be checked before entering any position. Remember neither TA or FA can stand alone.

Take care,

Jan



To: Ms. X who wrote (308)2/3/1998 3:00:00 PM
From: Judy  Read Replies (1) | Respond to of 34816
 
Jan, how about a quick P&F read of AMAT? May double up before earnings next week. NAZ is strong, sentiment improving for the sector, liquidity looking for a home, value is there ...