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

To: papi riqui who wrote (3517)	6/11/1998 9:20:00 AM
From: james ball	Read Replies (4) \| Respond to of 34811

Papi, I reiterated our Defensive mode to Kevin on CNBC yesterday. There wasn't much to say other than the same old thing I said a month ago. Defense and try to be in Defensive stocks. Last months recommendations were FLO, OAT, and XON. Yesterday I recommended KO, BLS and XON again. As I figured Kevin would ask why I liked oil as it was down and the my response was being down is exactly why we liked it. XON has held up very well in the face of declining oil and has simply pulled back on its chart to a good buy level. The sector is also 38%. I also did a radio show last night from Denver. The show was put on by Presidential Securities in Denver who are very strong supporters of the P&F method. The show is primarily a P&F radio show where listeners can call in and get technical questions answered about their stocks and groups. What a refreshing show. Most are mutual fund shows that do the same old thing. Asset allocation, Buy and hold, the same old BS. This show is designed to teach the P&F subject and discuss trading tactics and melding the fundamental and technical approach. It's new and fresh to the listerner and they have our system live on the show so they can respond to P&F questions. What a fun time. There needs to be more of these types of shows. IT's the only one know of that puts the P&F up front. Market... In general still defense. There are clearly over 8000 more stocks down than up over the last two months. Pot holes everywhere. I know it's hard to stick to the principals sometimes as we all like action but there is a feeling of confidence, and piece of mind when we stick to the rules, right or wrong. You will win out in the long run. Tom Dorsey