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

To: Ms. X who wrote (1806)	3/15/1998 9:05:00 PM
From: lobster	Respond to of 34808

Jan, I here that you are going to be a star on the Daily Market Analysis tomorrow. Good Luck, I hope your phone rings off the hook and you get to start your new career soon. As you mentioned in an e-mail earlier this month, it was worth every penny and then some. I guess "WOW" would be the best way to describe the weekend. What did I pick up this weekend that I can pass on? 1. Follow the KISS(keep it simple stupid) method. 2. Be disciplined and follow your game plan. 3. Be patient, let the stock come to you. 4. CHART YOUR FAVORITE STOCKS BY HAND, THIS WILL HELP YOU SEE THE PATTERNS DEVOLOP 5. Relative strength in a column of X's or O's is more important than the RS giving a buy or a sell signal. 6. Trading options bad(sorry jerry). 7. Buy calls or puts with a minimum of 4 months b/f expiration, preferably 6 months and deep in the money. Also, use the premium as the stop loss. 8. This is an art not a science, you need to be flexible and know when to adjust your stop losses, trend lines, etc. 9. The learning process never stops. 10. KISS While this is not everything I learned, these were some of the highlights. Jan your knowledge of PnF is by far greater than mine; however, with the help of Tom and Watson and the rest of their excellent staff, I am closer to your knowledge than I was a week ago. Speaking of the DWA, Tom and Watson have put together the ultimate team. I have a staff compliment each other so well. They could write a "how to management book". By the way, Tom said that his book would be out this fall. Later, Steve P.S. As great as DWA is at what they do, they are just as humble. Never once did you hear that "We are so good or we are the best" Actually, Tom said To keep what you have, you have to share it with others.

To: Ms. X who wrote (1806)	3/15/1998 9:12:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 34808

>>The last signal given on the relative strength was a sell signal. It just recently reversed back up into a column of X's suggesting it will outperform the market. Relative strength column changes are always good to find. This means you are getting in on the beginning of a rally for the stock. Vice versa is true if the RS turns to O's. Stock will probably start under performing the market.<< Guess fundamentals dosent matter anymore, A company that has a higher P/E than MSFT. What >200+ now? I can understand companies like BAANF etc getting P/E of 50-60 but 200??? I have friends who work there and they are happy about it but IT IS SCAREY that you can loose 75% of your market cap in any kind of disappointment..