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

To: Jerry Olson who wrote (1495)	3/5/1998 10:06:00 PM
From: Ms. X	Respond to of 34811

Airlines Sector: Possible puts? This sector was last at the 62% level but it looks like it may be weakening. Here are some stocks who have recently reversed on their RS charts. With Oil getting stronger, airlines may get weaker. They look to be having a tough time breaking resistance levels and some are creating sell signals. Here are some ideas: BA: Just rallied up to resistance at 54 after violating its bullish support line. RS is negative and the daily momentum just turned negative. For a put play buy with a stop of of 55, a double top break. BAB: Just rallied up to the bearish resistance line and at resistance at 96. Buy here with a stop of 97, a double top break. RS is very negative. UAL: Just broke a spread quad bottom. RS is negative. Could buy here with a stop of 90. AMR: Broke bullish support line and then rallied up. Resistance at 136. Can buy here with a stop of 138 a triple top break. RS in negative