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

To: Teddy who wrote (1938)	3/23/1998 9:49:00 PM
From: Ms. X	Respond to of 34802

Hey Teddy, my man... Oil services, well sir, lookin' good. Haven't said much because the particulars didn't change. I would have just been repeating myself. I will tell you that now is not the time to chase stocks. Don't get too caught up in the euphoria. Stay tuned to this thread because I am watching the indicators and will post the second I see a change. Sounds like you are doing well. Stick to your plans. NE: sitting at a double top at 31, 32 to break. Daily/weekly mom +. Should reach 37/38 at least short term. GLM: 26 was the queue to buy!. Broke a quintuple top at 26. Great support at 22. RON: Next resistance in the 70 area so would like a pullback to buy. Broke a spread double top. SLB: Resistance at 80 and 81. Move to 82 would be powerful. VRC: Held excellent support at 21 and a move to 28 breaks another double top. RS good on this one too. DO: Just broke a double top which secures it above the bearish resistance line. All look great. Would like pullbacks on most for a buy in point but I think long term oil and oil services is very positive. You should look at PFE and CHV on pullbacks for leaps or plays. Excellent sale on the WCOM. Good move. 37 good price. 27 is a sign of trouble. Airlines will be the put play as will some of the bank and real estate I believe. MSFT just broke a small triangle and higher bottoms. Might be good for an in the money play. Take care, Jan