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

To: Judy who wrote (2094)	3/31/1998 9:33:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34812

Yes, poor Lilly, You should wait on Lilly. It has broken all near term support and heading towards the bullish support line at 55. The RS is negative and the weekly mom just turned negative a week ago. Weekly mom ususally have around a 10wk life span so one could assume this to remain negative for another 2 months or so. Daily/monthly negative too. Next support level is down at 51. Breaks my heart to say it but this may be good for a put. We may have missed it too. I imagine it will rebound some but I would be surprise to test its resistance at 67. 73 \| 72 X 71 1 O X 70 ----------------------X ------------------X O X --2 O ------------- 69 X O X X O X O X O 68 X O X O X X O X O X O 67 X O X O X O X X O X O O X 66 X X O X O X O X O C X O X O X X X O Med 65 ------------------X O X O X B X O X O X O X O ------O X O X O X O - 64 X O X O X O X O O X O X O X O X O X O 63 X O X O X O O X O X O O X 3 O 62 October 97--> A O X O X O X O \| O X O 61 X O O O \| O X O 60 ------------------X ----------------------+-------------O ------O - 59 X \| O 58 X X X \|Yesterday's action-> O 57 X O X O X \| Bot 56 7 O X O X X \| 55 ------X O X O X O X ----------------------+---------------------* - 54 X O 8 X O X \| * 53 X O X O X \| * 52 X O X O X \| * 51 X O 9 <--Next support line \| * Cisco will probably come back to you. A nice buy point would be 62/63. Take care, Jan

To: Judy who wrote (2094)	3/31/1998 10:01:00 AM
From: Ms. X	Read Replies (3) \| Respond to of 34812

Hey Judy! You have to love that call on RMBS. Laughed out loud when I saw it today! Said "Judy is never going to talk to ME again!" Anyway, still hasn't passed resistance damnit (I'm being stubborn (way big grin).! Still looks like a risk to me but there ya have it :-p Right now, I'm watching the interest rate factor. I agree with you about Amazon. Excellent business. Let me know if you have questions from the book... Jan