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

To: Ms. X who wrote (3140)	5/22/1998 3:30:00 PM
From: Jerry Olson	Respond to of 34811

LOL Moody yeh, just like you....:>}

To: Ms. X who wrote (3140)	5/22/1998 4:36:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34811

Hi Jan, Check out COMS it went through a spread triple bottom break today and still well below the BRL. RS is negative (double bottom break in April and falling). At this point it doesn't look like there is anything technical to hold this puppy up. Considering how beaten up the stock is, it would seem like there was more upside than downside, but maybe it wants to go down some more so that it will be more attractive to somebody who may be willing to take it to the altar. BAY reversed into a column of Os today. Without the acquisition rumors it may want to go back to support at $22, but I think there is enough anticipation to keep it bouyed up around 24/25. I'll probably get back into the Dec20 calls soon. Tom

To: Ms. X who wrote (3140)	5/22/1998 6:30:00 PM
From: Bwe	Read Replies (2) \| Respond to of 34811

Hi Jan and all. Great holiday weekend to everybody on the thread. Safe and fun, ya hear! Some Friday nick nacks: Interview with James Cramer on AOL from 5/13: >>>My top holdings remain Cisco, Dell, Ascend, WLA, IBM , AOL, Yahoo and I am still buying AOL. Why not??<<< I think Mr. Cramer ought to take a look at some of Jan's work on this thread before buying anymore DELL or AOL. Market comment from Michael Burke in my weekly Chartcraft newsletter: "Dow was down 107 points since last time. Short term indicators continue to be bearish and not yet at oversold levels. We would continue to be defensive" RS Signal news of some notable stocks: RS Sells: HP (O27) NFX (O23) {2 more RS rollovers in the oil patch} TER (O33) RS Sell Alerts: US Filter, Honda, Action Performance (the collectable race car company. Interesting with the Indy 500 this weekend that this stock is rolling over), Vintage Petroleum (another oil patch stock). Notable stocks with Buying Climaxes: TJX (one of my guys), Hewlett Packard, Apple Computer, United Healthcare, Textron, Georgia Pacific, Storage Tech, Sofamor Danek, Greenpoint Financial. Have a great weekend! Bruce

To: Ms. X who wrote (3140)	5/23/1998 10:16:00 PM
From: Mr. BSL	Read Replies (2) \| Respond to of 34811

Hi Jan. I'm doing the dog paddle in the oil patch. With Valueline downgraded two oil stocks (Chevron & Texaco) to 5 for Timeliness, the undertow is getting stronger. With the Oil Sector reversing down to Bear Alert, the waves are getting bigger. I'm reading the survival manual(Tom's book) p. 145 "Staying in the wrong sector is a mistake that need not be made if one simply uses the Sector Bullish Percent Indexes to guide their investment decisions" I'm getting ready to evacuate by moving up my stops real tight. I see the good ship USS Cash-is-King on the horizon. Hate to get stopped out at the bottom but with the FA and TA both coming apart, this is probably not the bottom. Your thoughts? Take care, Duke