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

To: Al Serrao who wrote (3491)	6/9/1998 10:21:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 34811

Al, The bearish signal reversed is actually a very bullish signal. See the write-up in Tom's book starting on page 57. A bearish signal reversed is a the first buy signal that happens after a series of lower tops and lower bottoms. Thanks for flagging this action on LU. ValueLine has this unrated for timeliness right now, so some FA is required. Technically, it is a screaming buy. Regards, duke

To: Al Serrao who wrote (3491)	6/11/1998 2:17:00 AM
From: Ms. X	Respond to of 34811

LU: Bearish Signal Reversal Typically one of the strongest and most sought after patterns in the P&F world. LU has a strong RS and has remained far above its bullish support line. Recently, it had been noted that LU broke several bottoms. This pattern reverses the negative trend but keep in mind, the sector is in Bull correction at 44% and has not reversed back into O's. On a positive note, this sector has bottomed near this area in the past. 80 ----------------------------+-------------------------------------- 79 \| X 78 \| X O 77 \| X O 76 \| X O X 75 ----------------------------+-------X ----------X O X O X ------X - 74 \| X O X O X O X O X <--Completes 73 \| X O X O X 5 X O X X Bearish signal 72 \| X O X O X O X O X O X reversal pattern 71 \| X O X X O X O O X O X 70 ----------------------------+-------X O X --X O X O ------O --O X - 69 \| X O X O X O X 6 X 68 \| X O X O X O O 67 \| X O X O 66 \| X O 65 ----------------------------+-------4 ----------------------------<--Stop point