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

To: ViperChick Secret Agent 006.9 who wrote (2081)	3/29/1998 11:47:00 PM
From: Ms. X	Respond to of 34812

Lisa, The RS is still week and it is trading below the trend line (way up at 27) but it has the advantage of being in the oil services sector. The daily and weekly momentums are positive. Right now UTI is at the top of its trading band so don't be surprised to see some sort of pullback from here. Resistance way up at 26. I'll mark on the chart your stop points. 19.5 O X O 19.0 ---------O X O ----------------X Top 18.5 O O X X 18.0 -------------O X O --------X --X --- 17.5 * O X O X O X 17.0 ---------* --O X O --------X O X --- 16.5 O X O X O 16.0 ----- ----1 O X O --------X ------- <--Stop for short term trade 15.5 9 O X O X 15.0 -------------O --O --------X ------- 14.5 O X X X Med 14.0 -----------------2 X O 3 O X ------- 13.5 O X O X O X 13.0 -----------------O --O X O X ------- 12.5 O O X 12.0 -------------------------O ---------