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

To: Sergio H who wrote (2505)	4/22/1998 9:10:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Sergio, APco is a GO, RS is a buy in X's and broke a double top on 4-20 ... Looking good. Jan is looking at the new market indicators to post here tonight. Later Preston

To: Sergio H who wrote (2505)	4/22/1998 10:13:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Hi Sergio, Looking at APCO it looks strong but it is sitting at the top of its trading band. Usually stocks give some back at this point. Your optimum entry would be around 13 with a stop of 11.5. Weekly momentum is negative but the daily just turned positive. RS is strong too. Sector at 64% Here is the chart: 15.0-----------------------+---------\| --------------- 14.5 \| \| X Top 14.0-----------------------+---------\| ----4 ------X - 13.5 \| \| X O X X 13.0-----------------------+---------\| X --X O X O X -<--Good buy point. 12.5 \| \| X O X O X O X 12.0-----------------------+---------\| X O X O --O ---<--support level 11.5 \| \| X O X ? <--Stop point 11.0-----------------------+---------\| X O X --------- 10.5 \| \| X O Med 10.0-----------------------+---------\| X ------------- 9.5 \| \| X 9.0 -----------------------+---------\| 3 ------------- 8.5 \| \| X 8.0 -----------------------+---------\| X ------------- 7.5 \| C \| 2 7.0 ----------------------+-------X O X ------------- 6.5 \| X O X Bot 6.0 -----------------------+-------A 1 --------------- 5.5 X * X \| * 5.0 -----------X --X --B O 1 * ----X \| ----------* ---