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

To: Ms. X who wrote (3438)	6/6/1998 12:21:00 PM
From: Bwe	Respond to of 34811

For the stout of heart, INTC is a trading buy right here after it's 3 box reversal. Long tail down pattern after 19 straight boxes down and 3 box reversal. Best to use when RS is bullish but not the case right here. Lots of activity in the Intel chart over the last year. The stock has bottomed and reversed course 5 times between $65-70 over the past year. The chart looks horrible long term but traders could make a few dollars off this reversal. Bruce

To: Ms. X who wrote (3438)	6/6/1998 7:55:00 PM
From: R Stevens	Read Replies (3) \| Respond to of 34811

May I request an interpretation on the chart of the Nasdaq? I think the fortunes of the broader index will weigh heavily on the outcomes of Dell and AOL in the next few weeks. Is the current little rally a chance to go short again on Dell or an opportunity to take a long position. Maybe the broader market outlook can shed some light on that. Many Thanks, RS NASDAQ COMPOSITE 1870 X O X O X O X X 1860 X O X X O X O X O X O 1850---------------------------------X O 4 O X O X O X O X O ------------------ 1840 X O X O X O X O O O Med 1830 X O X O X O X O 1820 X O O X O X O 1810 X O X O O 1800---------------------------------X ----O X ------------O X ---------------- 1790 X O O X O 1780 X X O X O X <lower tops 1770 \| X O X O X O X 1760 \| X O X O X O X 1750---------------------+-------X 3 X --------------------O --6 ----- <current support level 1740 \| X O X 1730 \| X O X 1720 \| X O X 1710 \| X O 1700---------------------+-------X -------------------------------------------- 1690 \| X 1680 \| X 1670 \| X Bot 1660 \| X 1650---------X ----------+-------2 ------------------------------* ------------ 1640 X O \| X * 1630 X C X O \| X * 1620 X O X O X O \| X * 1610 X O X O X O \| X * 1600-X O X O --O --------X ------X --------------------* ---------------------- 1590 X O O X O X X * 1580 X O 1 O X O X * 1570 X O X O X O X * 1560 X O X X O X O X * 1550-X --------O X O ----X O X O ------------* -------------------------------- 1540 X O X O X X O X