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

To: PuddleGlum who wrote (1536)	3/7/1998 6:42:00 PM
From: Ms. X	Respond to of 34811

Hi PG, HELX did punch through its bearish resistance line and has since pulledback after hitting resistance at 25. A move to 18 would be a triple bottom break and a not nice sign. The daily momentum just turned back to negative and would flip back to positive at 22 so would the weekly momentum. 18 would be your stop. SFY: is dangerous. below bearish resistance very weak RS and three consecutive sell signals. Would wait for some higher bottoms and buy signals before considering. A move to 16.5 would break a spread quad bottom and would be the fourth consecutive sell signal. If it moved to 21 from here that would be the first double top break. SJK:This is above its bullish support line and is currently at resistance at 44, 45 to break. RS is in a column of O's but it seems to be improving. Good support at 37 and would consider a break to 36 to be a possible sign of trouble however you can give it room to 34, violation of the bullish support line. CDE: This one has a way to go before gaining sponsor ship. Weak RS but good sector. Try ABX in this sector and see if you like that. IDTI: No good risk reward here and with the sector stumbling a little bit I would keep and eye on it since the RS is negative. First bottom break way down at 8.5. It did break its bearish resistance line and a spread triple top and spread double top which is a good sign. A pullback to 10-12 would give a better risk reward. Take care, Jan