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


To: Ms. X who wrote (3178)5/26/1998 11:03:00 PM
From: Ms. X  Respond to of 34811
 
CSCO: Holding its own.
Cisco has pulled back from its high and even with the sector going
negative, it hasn't given a sell signal yet. Daily momentum just turned
negative while the weekly and monthly are still positive.
Good support at 67. Would wait for the next reversal up before
considering a buy. Stop is still too far away at 69.
One to watch for a good entry. Strong little baby it is..

82
81 X
80 --------------------------------------------------------------X O -
79 X O
78 X O
77 X O
76 X O
75 --------------------------------------------------------------5 ---
74 X X
73 X O X
72 X O X
71 X X O X
70 --------------------------------------------------X --4 O X O -----
69 X O X O X <--First sell signal
68 X X O X O X
67 X O X O O <--Good support.
66 X O X
65 ----------------------------------------------2 3 X ---------------
64 X O X
63 X O X *
62 | X O X *
61 * | X O X *
60 ----------------------C --X * --------+-------X O --------* ------------ Bot
59 X O X O * X X X *
58 X O X O * 1 O X O X *
57 X X O X O X * X O X O X *
56 X B O X O O X O * X O X O *
55 --X ----------X O X O X ----O X O X --X O X ----* --------------------------
54 8 O X O X O X O X O X O X O X *
53 X O X O X O X O X O X O X O X *
52 X O X 9 A O X O X O X O X O * O *
51 X O X O X O X O X O O X O * | *
50 --X O X O X O X O X --------O X --* --+-------------------------------------
49 X O O O X O X * O X * |
48 X O X O X * O * |
47 7 O O X * * |
46 O X O * |
45 O X --------------* ------------------+-------------------------------------
44 O * |



To: Ms. X who wrote (3178)5/26/1998 11:15:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
TLAB: Breaking down.
Twice came to resistance and was unable to penetrate. Just
broke a triple bottom and close to breaking a spread double
bottom. Could now see it move to the bullish support line at 62.
Momentums except the monthly are negative.
Watch for now.

74
73 X X
72| X O X O 5 X
71| X O X O X O X O
70+---------------------------X --X O --O X O X O ----------
69| X X O X O O O
68| X O X O X O <--triple bottom break
67| X O X O O
66| X O X O
65+-----------------------X O X ----------------O ----------
64| X 4
63| X ?<--Spread double bottom break.
62| X X *
61| X O X *
60+---------------X --X O X ----------------* --------------
59| X X O X O X *
58* X O X O X 3 X *
571 * X O X O X O * Bot
56X O * X O O *
55X O --* ----X ------------------* ------------------------
54X O * X *
53X O X * 2 *
52X O X O X X *
51X O X O X O X *
50X O X O X O X --------* ----------------------------------
49| O O X O X *
48| O X O X *
47| O O X *
46| O X *
45+---------O * --------------------------------------------



To: Ms. X who wrote (3178)5/26/1998 11:26:00 PM
From: Ms. X  Respond to of 34811
 
YHOO: Breaking down too?
Look for 108 which would be the second consecutive sell signal.
The next support is at 78.
Daily and weekly momentums are negative.


130 ------------------------------------------------------------------
128 X X
126 X O X O X
124 X O X O X O
122 X O O 5 X O
120 ------------------------------------------------X ----O X O X O --
118 X O X O X O
116 X O X O X O
114 X O X O O
112 X O X O
110 ------------------------------------------------X ----O ------O <--support.
108 X ? <--Second sell signal.
106 X
104 X X
102 X O X
100 --------------------------------------------X O X ----------------
99 X O X
98 X O X
97 X O X
96 X O X
95 ----------------------------------------X --X O X ----------------
94 X O X O X
93 X O X O X
92 X X O X O <--Next support
91 X O X 4
90 ----------------------------X O --------X ------------------------



To: Ms. X who wrote (3178)5/27/1998 2:14:00 AM
From: Dennis J.  Read Replies (1) | Respond to of 34811
 
Just curious Jan.

How long did it take to prepare the summary chart of the sectors' status? Looks like a lot of work.

Be assured that you are well appreciated.

Regards, Dennis