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

To: Chris who wrote (3013)	5/13/1998 3:45:00 PM
From: Ms. X	Respond to of 34809

Hi Chris, SUNW is still trading below the trend line and the RS is in a column of O's. The daily mom is negative as is monthly while the weekly is positive. You would want to wait for it to give a buy signal and break the brl at 44 before considering. I'd be careful though with that RS in O's and the market extended. Stop would be 38 a triple bottom break. Here is the chart: 53 52 Top 51 * 50-------2 * ----------------- 49 X O * 48 X X O X * 47 X O X O X O * 46 X O X O X O X * 45---X O --O X 3 X O * ----- 44 X O O X O * ? <--Signal that demand is coming in. 43 X O X O * ? 42 O X O X O X X ? 41 O X O X O X O X ? 40 O X --------O X 4 X O X --- 39 O * O X O O 38 * O <--Stop point 37 * 36 * 35 --* -----------------------