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

To: David N. Jones who wrote (3507)	6/10/1998 10:08:00 PM
From: wizzards wine	Read Replies (2) \| Respond to of 34811

UPDATE on INDICATORS Percent of Stocks Above 10 Wk moving Ave have reversed into X's and Bull Alert Status.... Advanced Decline Line Reversed into X's..... The Technical indicators will be updated on Thursday.... But they have not changed upward, but are still falling...... Later Preston

To: David N. Jones who wrote (3507)	6/11/1998 6:23:00 AM
From: Bwe	Respond to of 34811

My pleasure, David. On another topic, I wrote favorably about Ethan Allen (ETH) in posts #3264 and #3269, pointing out and explaining the "low pole" formation that the stock moved into. Yesterday, ETH gave a p&f buy at $52. Price objective is $61. Bearish Resistance Line (BRL) from March $66 high is at $57. Bullish Resistance Line (brl) at $54. The fundamental story has always been good, but the stock got ahead of itself and has corrected 30% from it's highs along with the whole housing sector. ETH is a terrific company. Worth a look. Hopefully, I'll be able to write my promised post on relative strength and the High Pole formation later today. Welcome back, Jan. I missed you! Bruce