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

To: Ms. X who wrote (473)	2/6/1998 9:04:00 PM
From: Mr. BSL	Read Replies (2) \| Respond to of 34812

Racing Car PNF analogy. (Bay Networks) As we review past trades, we find that the good ones were a result of sticking to our rules and bad ones were a result of out guessing ourselves and breaking the rules. To keep myself on track, I use a racing car analogy and would like to share an example using Bay Networks. A racing car may look good on the outside but may not get going if it has dead battery (NYSE % Bullish in a column of O's!). Bay Networks - Bay NYSE % B:.......In a column of X's....................[Battery charged] Broad Group:....Computers Bear Correct 42.............[Gassed up] Narrow Group:..C-Loc NW Bull Alert 26...........[High octane] Institutional Sponsorship:.....S&P 500 Company....................[Big pit crew] FA:..................Value Line 2.............................[Mech condition] RS:..................In a column of X's.......................[Pointed forward] ...................(Reversed up to 3.75 today) Bull Supp Line:.Above..................................[Good tires for the ....................................................................long ride] Buy at:.........Pullback to 28............................[Spark] Stop at:........Break Bull support at 26.................[Brakes!] Vert Target:....40 Take some profits at: 36 1/2 (30% gain) regards, duke60 ps - Does anyone have any tips on aligning text columns when submitting a response in an SI thread?

To: Ms. X who wrote (473)	2/6/1998 10:54:00 PM
From: JHR	Respond to of 34812

P&F its a mutual fund Sorry, I should have mentioned that. Its Fidelity Select Energy Services. It contains most of the stocks we jabber about on the driller thread. Biggest position are SLB HAL RON. I noticed when I pulled the chart from Dorsey's site there were no support or resistance lines. Thought maybe they didn't do it with mutual funds. Dorsey has the top ten holdings on one of the keys on the left hand side. Thanks.