Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ms. X who wrote (980)	2/22/1998 12:00:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34812

Hi Jan, Looking at ASND current 35.5 breaking bearish resistance. Is the vertical count from 23 to 32 as the double bottom at 24 didn't give a sell signal. Then target 52? TLAB current 58.13. At 60 it appears to have broken resistance and gives a target of 87. Although the pattern looks a little like a bullish triangle. T looks like its resting. SUNW in now showing a double bottom with resistance. Your Brilliant Thoughts on these would be greatly appreciated. Thanks Preston

To: Ms. X who wrote (980)	2/22/1998 12:37:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34812

Hi Jan Let me try to answer this way...My current views on the market ar as follows...we have 3-4 weeks still left in this current bull run IMO... We could top out at around 8700ish or so...IRAQ is an non event. OIL prices will move lower near term and remain there for the rest of this year... What has become a complacent senario is ASIA!!!! IMO this factor alone will have far reaching effects on Corp EPS this Q & Next Q... So to play any options I would buy the Apr Strike Month and In The Money's only... CA---I already own the Mar 50's, the stock just reversed up and should pop nicely if they pull out of the current hostile deal...love this stock and the chart.. AMAT---a semi that could have problems not only with it's own biz, but some potential blindsides are out there lurking in this industry...i would avoid all semis- & semis equips right now... CPQ---it's burdened with the DEC buy out number, it has some legs if the market trends higher as I suspect...yoou could dip your beak into the Apr 35's for a trade...goos sector BP 50% number... CKR---I have no opinion but has good support at this number and needs a 3 box reversal before I would buy it... AGPH---Higher highs and higher lows, nice chart, could see near term resistance 44-46ish...don't know the FA on this stock... MRK---a real favorite of mine, you could buy the MAR or APR 125's and if I'm right about this week & the market, this could be an easy double...it does not want to go down.. INTC & DELL are somewhat extended here...there is upside of course, but I like WLA better...just had a 5 box reversal, good support at 144-145, and could breakout to all time new highs with the right kind of market...you could buy the 145's or 150's of MAR or APR, it's in a great sector...I luv drugs<g>... AVEI---please look at this one too..give me your opinion...I like the recent 4 box reversal down, it should now reverse up!!!! Hope this helps, and of course Jan, I have been known to be wrong<VBG>...Jerry