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


To: wizzards wine who wrote (1919)3/22/1998 9:22:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34822
 
From this list, the following analysis:

HUG: Building 64%. Nice uptrend. Pulled back from resistance at 36. 37 would be a triple top break. Top of trading band so somewhat extended.

INMT: Computers 56%. Broke through bearish resistance and has since pulled back some. Looks good, higher tops and bottoms.

PWJ: Wall Street 72%. Will break a spread double top at 43. Extended.

PKE: Electronics 56%. Has pulled right to support. Last signal a double bottom break. 24 is a sign of trouble.

RJF: Wall Street 72%. Too extended.

PIOS: Electronics 56%. Violated bullish support line and broke a double bottom. Ouch.

SWY: Retailing 72%. High pole. Extended territory.

SPD: Auto and Auto Parts 60%. Top of trading band but may have 5pts more upside. Would want a pullback though.

TDW: Oil Service 42%. About to break double top at 48. Higher bottoms but below bearish resistance.

TRN: Transports Non Air 64%. Extended and resistance at 54.

I know, I know. Just about everything is extended. Hard to find good entry points right now. IMNT looks the best for entry of course TDW in oil service is the best sector.

Jan