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

To: Ms. X who wrote (2507)4/22/1998 9:26:00 PM
From: Paul V.  Read Replies (1) | Respond to of 34811
 
Jan, Did you notice that CA today just broke its spread triple top of
$58 when it hit after hours at $61.00. Amat hit a double top at $39 today. Calculating the verticle and horizontal count (7 X 3=21) 21 + 32 = $53 potential.

Regards,

Paul V.



To: Ms. X who wrote (2507)4/22/1998 9:31:00 PM
From: Ms. X  Respond to of 34811
 
Sectors:

90% UTIL
GAS INSU SAVG BANK
MEDI AERO
70% FINL TRAN HOUS FRST WALL RETL real BUIL MACH
---------------------------------------------------------Red Zone
FOOD BUSI AUTO TELE SOFT CHEM
60% STEL OSRV COMP REST METL OILS TEXT
drug PROT
50% game HEAL LEIS wast
SEMI elec LATN
--------------------------------------------------------Yellow Zone
40% PREC biot

30%

20%
--------------------------------------------------------Green Zone

10 sectors moved higher, 2 lower.
Waste Management reversed down
Oil Service ,Semiconductors, Electronics, Protection and Safety reversed back up.

* Caps suggest sector is moving up, lowercase moving down.



To: Ms. X who wrote (2507)4/22/1998 9:37:00 PM
From: Mr. BSL  Read Replies (2) | Respond to of 34811
 
Great job on the indicators. Do you know if the thirty week average changed? Also - Bullish sentiment is now 54% and change, the bears are 23% and the fence sitters are about 22%.

BTW my grandmother used to live on Campbell ave in San Jose. I haven't been there since '74. There used to be an area called the "pruneyards". I bet it's all high tech now.

Later

Duke



To: Ms. X who wrote (2507)4/22/1998 9:39:00 PM
From: Ms. X  Respond to of 34811
 
Oil Service sector chart and comments:
Oil Service has been performing well. Still one of the best sectors
to buy in.

90 ----------+---------------------------| -------------------------
88 | |
86 | X X |
84 C | X O A O X |
82 O | X O X O X O |
80 --------O +-------7 8 X O X O --------| -------------------------
78 O X X O X O O |
76 O 1 O 6 O 9 O |
74 O X O X O X O |
72 O X 2 X O X O |
70 --------O X O ----X O ------O --------| -------------------------
68 O | O X O X |
66 | O X O X O | ? <--3rd consecutive buy signal.
64 | O X O X O 2nd buy signal->X X <--reversal this week
62 | O X O X O | 4 O X
60 ----------+-O 3 --X --------O X O ----| ----------X O X ---------
58 | O X O X O X O | X O
56 | O X O X O X O | X
54 | O 4 5 O X O | X
52 | O X O X O | X X
50 ----------+-----O X --------O B O ----| ------3 O X -------------
48 | O O X O | X O X
46 | O X O | X X O X
44 | O O X | X O X O X
42 | O X O | X O X O X
40 ----------+---------------------O X O | --X O X O ---------------
38 | O X O | X O
36 | O X O | X
34 | O X O 1 X
32 | O C O X O X
30 ----------+---------------------O X O X O 2 ---------------------
28 | O X O X O X
26 | O O X O X
24 | O X O X
22 | O X O X
20 ----------+-------------------------O | O X ---------------------
18 | | O X
16 | | O X
14 | | O <--January Lows
12
10 -----------------------------------------------------------------



To: Ms. X who wrote (2507)4/22/1998 9:44:00 PM
From: Ms. X  Respond to of 34811
 
Oil sector chart and comments:
Oil stocks have been performing well in spite of oil
price drops and worries. One of the best sectors to buy in.

90 ------------------| ----------
88 |
86 |
84 X |
82 A O |
80 ------------X O --| ----------
78 X O |
76 X O |
74 X O |
72 9 O |
70 ------------7 O --| ----------
68 O X O |
66 O 6 O B |
64 O X O X O
62 O X O X O
60 ----------O X O --O X --------
58 O X O X
56 O X O X
54 3 X O X
52 4 5 O X
50 ----------O X ----C X --------
48 O X O X
46 O O 3
44 O X
42 O X
40 ------------------O X --------
38 O X
36 O X
34 O 2
32 1 X
30 ------------------O X -------
28 O X
26 O <--January Low
24 |
22 |
20 ------------------| --------



To: Ms. X who wrote (2507)4/22/1998 9:50:00 PM
From: Ms. X  Respond to of 34811
 
Semiconductor sector chart and comments:
After reversing down in March, the semi's found support at the 40%
level and reversed up. This puts the semi's back in good field position.
Can find good stocks here on pullbacks for new or adding too positions.

82 | |
80 ----------+-----------------X ----------| -----------------------
78 | X O |
76 | X O |
74 | X 9 |
72 | X O |
70 --------X +-----------------X O --------| -----------------------
68 X O X X X A |
66 X O X O X O 7 O | X
64 C O X O X O X O | X O
62 X O X 2 X 6 X O | X O
60 --------X O X O --------X O --O --------| --X O -----------------
58 X O X O X O | X 3 <--reversal down in March
56 X O X O X X O | X O
54 X 1 O X O X O | X O
52 | O X O X O | X O
50 ----------+---O X O ----X ----O --------| --X O -----------------
48 | O 3 X O | X O X<--This weeks reversal up
46 | O X X O | X O 4 X
44 | O X O X O | 2 O X O X
42 | O X O 5 O X | X O X O X
40 ----------+-------O 4 O X ----O X O ----| --X O --O ---<--Support level
38 | O X O X O X O | X
36 | O X O O X O X | X
34 | O O X O X O X X
32 | O X O X O X O X
30 ----------+-------------------O X O X O X O X -------------------
28 | O X O X C X O X
26 | O B O O X O X
24 | O X O X O X
22 | O X O 1 O X
20 ----------+-------------------O ------O X O ---------------------
18 | O X
16 | O X
14 | O X
12 O X
10 --------------------------------------O X -----------------------
O |
|


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