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

To: Ms. X who wrote (2741)	5/1/1998 8:37:00 PM
From: Mr. BSL	Respond to of 34811

To All: If someone out there can give me the Value Line timeliness ratings on the below stocks I would really appreciate it. I'm updating my RS charts on the oil stocks tonight and would rather not spend time on the ones with poor FA. I'll post any gems on the research thread later this weekend. Thanks in advance. Amerada Hess AHC Amoco AN Anadarko Petro APC Apache Corp APA Ashland Inc ASH Atlantic Richfd ARC Burlington Res BR Chevron CHV Exxon XON Helmerich & Pn HP Kerr McGee KMG Mobile MOB Occidental Pet OXY Oryx Energy Co ORX Pennzoil PZL Phillips Petro P Roy Dutch Petro RD Sun Co., Inc SUN Texaco TX Unocal UCL USX-Marathon MRO Duke

To: Ms. X who wrote (2741)	5/2/1998 9:22:00 AM
From: Bwe	Read Replies (2) \| Respond to of 34811

I checked out Tom's "Black Gold" piece on the site and it's a must read for those interested in the "oil patch". I did some p&f work on Cliff's Drilling (CDG) for the stock's message board on the Motley Fool and I repost here for this who might be interested: I wrote a rather pessimistic post on this board on 3/17 and I concluded the post with the following: >>> Sorry to be so pessimistic but the chance for a sustained long term upmove in the stock is quite a few months down the road.<<< Since that post a "trader" would've been able to garner a handsome 57% profit if he/she bought that day. Since I had already averaged up in the stock I had a full commitment to Cliff's, and as I described in that post, I decided to stick with the stock though I knew I would have to lengthen my investment time horizon. Well, as the p&f chart looks right now, the stock may be getting ready for it's "sustained long term upmove". - Last week CDG moved to an up column on it's bullish Relative Strength (RS) chart. The stock remained on a buy signal on it's RS chart throughout the drubbing in the stock price and that was the main reason I stuck with the stock (along with my belief in the sector as a whole). The RS trend was down, but it did not give an RS sell like many of the other stocks in the sector (TDW, ESV, MDCO). RS signals last on average 2-2 1/2 years and it indicates the stock has outperformed the Dow and should continue to do so. {Another position of mine, FGII, just gave a RS buy this week for those interested} - CDG gave a "Triple Top" buy signal at $45 and we're still on that buy signal with an upside price objective of $79. "Triple Top" buy signals are profitable 88% of the time with an average gain of 29% over a 7 month time frame. - CDG has to get to $54 to complete a "Bullish Catapult" formation. It's an important confirming pattern off the triple top that further indicates decreasing supply, and increasing demand for the stock. - Most importantly, CDG is bumping up against it's "Bearish Resistance Line" from it's November $82 high. This important downtrend line has remained unbroken to the upside since then. A breaking of this absolute major downtrend line would indicate a change in the long term trend in the stock. P&F buy signals that are given below the bearish resistance line are best taken by traders, and a breaking of this resistance line would bring in more bullish, longer term investors back on board. The supply/demand picture of Cliff's seems to be moving quite rapidly to the bullish side. Take heart long term holders! Bruce

To: Ms. X who wrote (2741)	5/5/1998 5:18:00 PM
From: Bwe	Read Replies (1) \| Respond to of 34811

CDG is following through on the "bullish catapult" pattern I described in post #2746. Up another $1 3/4 today to $55 3/4. Bullish Catapult at $54. The stock has now decisively broken it's bearish resistance line which has been in force since 11/97 at $83. Below market multiple of 16x last years earnings and a 12 p/e on FY 98 earnings. Not an expensive stock. CDG is headed over $60 on this upmove, IMHO. Interested in others thoughts on the strength in the Oil Service group (X-60 Bull Confirmed) vs the weakness in the Aerospace/Airline (O-66 Bear Alert). The stocks in each sector are talking, but the price of oil is still not listening. I think the sector action is telling us that oil is going higher from here. Take care, Bruce