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


To: Pierre who wrote (3128)5/22/1998 12:55:00 PM
From: Ms. X  Read Replies (2) | Respond to of 34811
 
Hi Pierre,

The semiconductor has reversed and has given a sell signal. We would
expect this sector to continue down at this point to below the 30% level,
where it has found support before.
SANM is breaking down it appears. The momentums are negative as well
(except monthly)
Lots of sell signals. Still above trend line so decide your risk factor.
With the sector bearish, you may consider some defensive action.

98
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95 ----------------------------------------------------X ------------
94 X O
93 X O
92 X O
91 5 O
90 --------------------------------------------X --X --X O ----------
89 X O X O X O
88 X X O X O X O X <--Lower tops.
87 X O X O X O X O X O
86 X O X O O X O X O X
85 ----------------------------------------X O X ----O X O --O X O --
84 X O O X O X O
83 X O O X O
82 X O X O
81 X X O
80 --------------------X O ----* ----------X ------------------------
79 X O X * X
78 X O X O * X
77 X 3 X X O * X X *