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

To: Judy who wrote (311)	2/3/1998 3:11:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34816

Hi Judy, AMAT is still for traders only. It is almost at its bearish resistance line ( I don't know where it is trading today) 38 breaks the line. Next resistance at 40. Daily and weekly momentums are positive but the RS is still negative. For trading one could play here with a stop of 29. Long term may want to wait for the bearish resistance line to break. Check the post called "Semiconductor pics - Matthew". I've listed some strong stocks in this sector. NYSE Bullish percent probably, most likely, reversed up. This gives us a rally in the market and more solid footing but we still need to be prudent. Watch the computer sector. I believe it has reversed up too. DELL, CPQ, IBM, CSCO should continue to do real well. All the best, Jan