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

To: Ms. X who wrote (2612)	4/25/1998 6:08:00 PM
From: Bwe	Respond to of 34809

I own The Equitable Co's (EQ) and I thought I'd post my analysis for holders or prospective buyers of the stock. The price objective for the stock is $74 and I feel we've reached a short term top in the stock. The stock traded as high as $70 and has now moved back to the upper end of it's trading range (bullish resistance line from 3/94) where it has traded since the 1/95 $17 low (bullish support line). EQ just had a "high pole" on it's P&F chart and this could indicate a move below a previous bottom. The next p&f sell is at $56. It pays to be careful if considering buying EQ at this juncture and I believe a better place to buy would be at major support in the low $50's. On the positive side, the stock just moved into an up column on it's Relative Strength chart and this could lead to a buy signal which would indicate a period of outperformance relative to the Dow for some time to come. Healthy long term, buyer beware short term. Best regards, Bruce

To: Ms. X who wrote (2612)	4/25/1998 10:57:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 34809

P&F- I'm thinking about puts on WFC.The sector's at a lofty level but I'm wondering if you see any cracking in the stock yet?TIA.Post some rules on the site if you have any(and I know you do!!).... TIA...... GD

To: Ms. X who wrote (2612)	4/26/1998 11:01:00 AM
From: Jack Chen	Respond to of 34809

Hello people: I see the entire food group are in depression now, look at HNZ, CPB, DF etc, you might want to pick up few shares here and there, I am sure 3 month down the line we'll be looking at higher prices on them. Also, AET is in the buy zone, GD probably good for a quick 1.5 points from here. Of course these are only my humble opion:-)

To: Ms. X who wrote (2612)	4/26/1998 7:30:00 PM
From: LWolf	Read Replies (1) \| Respond to of 34809

Hi P&F-Madness I signed up for the DW site's free trial. Ran a chart on DLJ, and saw Industry group - bear correction 74+, and 'chart broke double bottom on 4/23'. Wondered if you could give me your your opinion on DLJ, because a few weeks ago I bought 2 may95C for DLJES @ 11 3/4 (too high, my mistake). DLJ is due to split 2/1 on May 12, so I figured the stock would keep moving up. HOWEVER, current stock price is ~95 3/8 and current contract price is 5 1/4. If I sell the 2 contracts tomorrow I'll lose $1K+, but I could buy the stock and hold through the split. I'm a "Nervous-Nelly" over this; since it's my first time with options. Even though the concept seemed good to me, I hadn't expected the stock to back down..... maybe it's just consolidating after earnings and before a move into the split. Wondered what you might see in the P&F charts that I can't. Thanks, Laura