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

To: Sam Quentin who wrote (713)	2/16/1998 8:35:00 PM
From: Ms. X	Respond to of 34822

Hi Sam, CBSL is on a bit of a tear isn't it. See what happens when you have a strong RS? It reversed down from its original surge up to 60, landing it at 55. It has now reversed up again and has created a double top at 60. I would wait to see if it breaks 60 (make sure this isn't going to be the very top) and then buy on a pullback. Your stop would be 54, a double bottom break for short term trade. Hard to tell where to stop for long term since it is so far above the bullish support line. Best thing is to figure the percentage loss you are willing to take and subtract from your buy in price. TSRI (you find some GOOD stocks!) Good here and on further pullbacks with a stop of 18.5 MAST would be nice to get on a pullback to 42/41. Stop of 34 short term, 31 long term (violation of the bullish support line.) Three fine looking stocks. TSRI is the best risk reward right now. All have very strong RS and have been giving consecutive buy signals. Good sectors too. All the best, Jan