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

To: Jerry Olson who wrote (1523)	3/7/1998 1:06:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Hi Jerry, LIKE that CA! ICN- Had a quick long 20 run up to all time highs. A stop loss of 54 forms double bottoms. Resistance at 59 and ZACKS rating HOLD. I'd give this one a rest. GDT- Had a 16 box run up and giving higher highs and bottoms. A 68 would be a double bottom and stop loss. If you look at the chart again, you'll see this one likes to form triangles. A raise to 76 would break that pattern and then buy on the pull back. ZACKS rating STRONG BUY. Just my thoughts Preston

To: Jerry Olson who wrote (1523)	3/7/1998 1:43:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hey there, KLIC did break a spread double top at 29 but it is still way below its bearish resistance line. The RS is on a sell signal but it did manage to reverse to O's. Your closest stop point is 16 which may be too low. Decide your stop loss by percentage. IMNX: It did just give two consecutive sell signals but seems to be trying to come back. It is above it's bullish support line and the RS is on a buy signal but has reversed to O's. Resistance at 65 and 66. Sector is good but I don't like it breaking those double bottoms while RS is in O's. Stop of 57. CA: I think this will do fine. Great support at 45. 44 is your stop. RS good. ASMLF: Your stop is 93 a double top break above the bullish support line.RS is strong. ICN: Resistance right here at 59 breaks double top at 60. RS strong. I would give this some room even if it broke the double bottom at 53. Sector is good, RS is strong and it is way above bullish support line. GDT: Looks great. Breakout at 76 would be good news. Higher bottoms RS strong. BAB: Below bearish resistance and RS is very weak. Good position for a put. Stop of 97, a double top break. AFL: This would be a scalp and for aggressive traders only. You have a high pole here. Could be good for puts but remember sector is still moving up and the RS is very strong. No stop point since at an all time high. Good luck Jer, Jan