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Strategies & Market Trends : P&F Research -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (119)	6/14/1998 5:46:00 PM
From: Mr. BSL	Respond to of 389

<Now get to work!!!!!> Hi Jan I've got 27 candidates which I hope to narrow down to the five which will bring home the grapes. The following stocks are S&P 500 stocks rated 1 or 2 for Timeliness by Value Line, RS +/+, above their Bullish Support Line and are on a PNF buy: AAPL CSCO HD SNV AMR DH LOW TJX BKB EFX NT TRV CCR FNM OMC WAG CI FRE PGR WLA COST GPS SAI WMT CSC HBOC SGP I'll post the final five after the weekly sector activity comes out. Keep up the good work. This should be a lot of fun. Duke

To: Ms. X who wrote (119)	6/18/1998 6:17:00 AM
From: Mr. BSL	Respond to of 389

My Stock Picks- $20K each With all of the major sectors in a column of O's, I am trotting out my all computer / computer software team. Both of these sectors are in the 30's. 1) Computer Sciences Corp - CSC NYSE %B: Bear Confirmed 48 Broad Group: Computers- Bull Correction 32 Narrow Group: Computer Services - Bear Confirmed 30 Inst. Sponsor: S&P 500 Company FA: Value Line 1 RS: +/+ Bull Support Line: Above Chart: Spread top break 2) HBO & Co - HBOC NYSE %B: Bear Confirmed 48 Broad Group: Computers- Bull Correction 32 Narrow Group: Computer Services - Bear Confirmed 30 Inst. Sponsor: S&P 500 Company FA: Value Line 1 RS: +/+ Bull Support Line: Above Chart: Double top break 3) Apple Computer - AAPL NYSE %B: Bear Confirmed 48 Broad Group: Computers- Bull Correction 32 Narrow Group: Computer Mini/Micr- Bear Alert 44 Inst. Sponsor: S&P 500 Company FA: Value Line 2 RS: +/+ Bull Support Line: Above Chart: Double top break 4) Cisco Systems - CSCO NYSE %B: Bear Confirmed 48 Broad Group: Computers- Bull Correction 32 Narrow Group: Computer Loc NW - Bear Confirmed 32 Inst. Sponsor: S&P 500 Company FA: Value Line 1 RS: +/+ Bull Support Line: Above Chart: About to make a new high coming off of a quasi Bearish Signal reversed 5) Microsoft - MSFT NYSE %B: Bear Confirmed 48 Broad Group: Software - Bull Correction 38 Narrow Group: Software Desktop- Unknown Inst. Sponsor: S&P 500 Company FA: Value Line 2 RS: +/+ Bull Support Line: Above Chart: Bullish triangle duke60

To: Ms. X who wrote (119)	6/18/1998 10:28:00 AM
From: Bwe	Respond to of 389

My Stock Picks: $20,000 Dorsey's (in the master's honor) for each of my 5 stock picks: Tyco International (TYC): Zacks Rank: 1 (Strong Buy) TYC has been in a strong uptrend since the December '91 low of $7. The stock is on a Buy (B57 5/98) and gave a confirming spread Quad Top confirming buy at $58 yesterday. RS B+ (buy/trend up) and it's been all X's on the RS chart since '93. Very strong RS. Price Objective (p.o.) is $67. Bullish Resistance Line (brl) from 8/90 is upper trend of trading range at $66. Bullish Support Line (BSL) at $37. 10 wk MA: $54.14 30 wk MA: $48.76 Cliffs Drilling (CDG): Zacks Rank 2 (Buy) CDG is a big loser on the year down 27% YTD. Currently in a "long tail down" formation with 21 straight boxes of O's and awaiting first 3 box reversal. Bearish Support Line (bsl) at $32 offers minor support. CDG has bottomed out 3 times in the last year in this price range. Oil Service Group oversold at 24%. Chartcraft still has the stock as RS B- (Buy/trend down). P&F chart couldn't look worse breaking every support on the way down as it tracked plunge in crude. One of the reasons I like the stock. Pfizer (PFE): Zacks Rank 3 (Hold) PFE's products and fundamental story are well known. A move to $116 would put the stock in a very positive "Bearish Signal Reversed" pattern and would give a double top buy. Bullish RS (B+) and all X's since '94. 10 wk MA: $108.61. bsl at $100. Move to $114 also breaks Bearish Resistance Line (BRL) from April $118 high. Field position of Drug group at Bear Confirmed 38% lessens downside risk as I see it. Better than Bear Confirmed at 50%. K Mart (KM): Zacks Rank 1 (Strong Buy) Turnaround in place at KM. Stock is on RS Buy Alert (one box away from giving RS Buy) in a column of X's. Double Top buy at $14 1/2 3/98 and confirming buy at $19 1/2 in late May. P.O. $36 so plenty of upside room to move. brl near upside p.o. at $35. BSL at $11 1/2. bsl at $15 offers minor support. 10 wk MA: $18.61 30 wk MA: $14.84. Retailing group in Bear Alert status but KM not expensive and what sector isn't weak? KM has done great this year and the trend is your friend. Golden West Financial (GDW): Zacks Rank 1 (Strong Buy) Interest rate and eps upward revision play. RS B+ from 9/97. 10 wk MA: $104.98 30 wk MA: $95.94. On Double Top buy from late May at $114, but original buy signal from 2/98 at $89. BRL from 3/97 now at $130 and that provides the upper end of the trading range. BSL at $93. bsl at $98. Has pulled back to an attractive buying range. Zacks Z-100 portfolio stock added in April. Sector risk is troubling with Banks Bear Confirmed at 62%. Domestic operations avoids Asian contagion. There you have it. Best of luck to all and many thanks to Jan and Preston for their time and effort in running this fun learning experience. Bruce

To: Ms. X who wrote (119)	6/19/1998 1:05:00 PM
From: feewaybill	Respond to of 389

Hi Jan and Preston-My Stock Picks: ESE-Industry Group: Electronics(Risk;Bear Confirmed 26), RS is sell in X's, Trend Chart broke a double top on 6-8-98. Its above the BSL and has just pulled back. AUD- Industry Group: Computers (Risk:Bull Correction 32), RS is Buy in X's. Trend Chart Bullish Catapult on 6-17-98. Above the BSL. QHGI-Industry Group: Healthcare (Risk: Bear ConFirmed 34), RS is sell in X's. Has been making higher top's and bottoms. Has pullback toward BSL. CSC-Industry Group: Computers (Risk: Bull Correction 32), RS is Buy in X's. Trend Chart Bullish Catapult on 6-6-98. Above the BSL. Bool- Industry Group: Softwear (Risk: Bull Correction 38), RS is Buy in X's. Trend Chart Broke a triple top on 5-26-98. Above the BSL. Thanks Jan, Preston, Bruce, Duke60, Tom, others for all your efforts. PS.....I have been on DEFENSE for about 2 months. I will be working on the OFFENSIVE TEAM...................Bruce

To: Ms. X who wrote (119)	6/19/1998 6:14:00 PM
From: Dipsey	Respond to of 389

My Stock Picks... 1. CHP - C & D Technologies RS Buy in Col X's Trend Bullish Catapult 2. VISX - Visx Corp. RS Buy in Col X's Trend Triple Top 3. ABTX - Agribiotech Inc. RS Buy in Col x's Trend Double Top 4. CSC - Computer Sciences Corp. RS Buy in Col X's Trend Bullish Catapult 5. BGEN - Biogen Inc RS Buy in Col X's Trend Triple Top Regards, Dipsey

To: Ms. X who wrote (119)	6/19/1998 8:23:00 PM
From: David N. Jones	Read Replies (1) \| Respond to of 389

My Stock Picks $20k each 1. Keane Inc - KEA Broad Group: Software - Bull Correction 38 FA: Zacks - Strong Buy RS: Buy/X Trend: Double Top Comment: Trading above bullish support line. Currentley pulled back to a column of O's. Short term trend is a series of higher bottoms and tops. 2. Cal Drive Intl - CDIS Broad Group: Oil Service - Bear Confirmed 24 FA: Zacks - Strong Buy RS: Buy/X Trend: Double Top Comment: Trading above bullish support line. Currentley pulled back to BS line a column of O's 3. Radica Games Ltd - RADAF Broad Group: Leisure - Bear Confirmed 34 FA: Zacks - Not rated RS: Buy/X Trend: Double Bottom Comment: Trading above long term BS line. Pulled back to internal recent BS line. 4. Dell Computer Corporation - DELL Broad Group: Computers - Bull Correction 32 FA: Zacks - Strong Buy RS: Buy/X Trend: Double Top Comment: Trading above bullish support line. 5. Vitesse Semiconductor Corp - VTSS Broad Group: Semiconducters - Bear Confirmed 16 FA: Zacks - Strong Buy RS: Buy/X Trend: Double Top Comment: Trading above bullish support line. A reversal to $23 would break BS line and give a double bottom sell signal.

To: Ms. X who wrote (119)	6/19/1998 9:44:00 PM
From: Dennis J.	Respond to of 389

My Stock Picks 1)AMD - Advanced Micro Devices AMD broke BRL in Mar, stalled and broke DB on May 15. After long 17-point long-tail down, has reversed to x's. RS sell in o's. Semi's Bear Confirmed 16-, broke 2 DB's during 19-point long-tail down, and reversed to x's. TA: Gave confirmed AIQ buy 6/18, while breaking up through 4,9,18-day MA's, volume below average, Phase and MACD favorable. 2)ASND - Ascend Communications Broke BRL in Feb, reversed to DB break in Mar, and reconfirmed uptrend with breakout from broadening top, followed by breaks above two successive DT's. RS is sell in x's. Computers Group in Bull Correction 32-. TA: Trending above 4,9,18-day MA's. 3)GGUY - The Good Guys Broke TT on 6/5 to new high since 1994, after breakout from BRL in Mar and DT in May. RS is sell in x's. Retailing Group is Bear Alert 58-. 4)THNK - Think New Ideas Bullish Triangle on 6/9. RS is buy in o's. TA: Rose thru 4,9,18-day MA's on 6/18. On confirmed AIQ buy 5/29. 5)VRTL - Vertel DB on 6/12 to spread triple-bottom dating back to 5/97. RS is sell in o's. Computers Group is Bull Correction 32-. TA: Nothing good here. Blush, <g>. Oversold (or underloved). FA: A turnaround, new mgmt., new TMN software, new alliances, hoping for a good announcement or two before 7/24. At this price, it's almost like cash. Thanks to Tom Dorsey, Jan and Preston for the opportunity to play and learn! Dennis

To: Ms. X who wrote (119)	6/19/1998 10:48:00 PM
From: Les H	Read Replies (1) \| Respond to of 389

Although my database has only 33 bullish P&F breakouts opposed by 74 P&F breakdowns, here goes. I only have four selections. All were flagged as point-and-figure bullish breakouts. I've also tagged () the two below that also have breakouts from ascending triangles. Of these two, Cintas also is nearing breakout of all-time high and another ascending triangle dating back to 96. CTAS Cintas Linen Supply 49 WCOM Worldcom Telecom Services 47 1/16 XYLN Xylan* Telecom Equipment 28 3/16 SGE Stage Stores Apparel Retail 52 1/2 In terms of accumulation/distribution, money flow, and on-balance volume, I would rank SGE first, WCOM and XYLN next, and CTAS last. Each of the first three have volume indicators leading the price higher. Cintas would be the defensive stock of the group as one of the more consistent earnings companies in the market. The other three stocks are in timely industries where I've seen more stocks making new highs than in other groups, especially Telecom Services and Apparel Retail.

To: Ms. X who wrote (119)	6/19/1998 10:53:00 PM
From: Johnny Lo	Read Replies (1) \| Respond to of 389

My Stock Picks LOW, MDT, MSFT, PFE, XON [Sorry not into RS or BP yet...trying to understand the charts first] Lowes Companies (LOW) - Like HD is around its 52 weeks high but has a much lower P/E. Summer should be their strong season and they should not be affect by Asia woes except maybe getting cheaper supplies. It has been in a steady uptrend since the beginning of the year and currently at a double top $84. Pull back to 81 11/16 on Friday but not enough to cause a reversal and provided a better entry point. Above bsl (currently $79). Medtronics (MDT) - producer of cardiac and neurological products such as cardiac pacemaker, defibrillators and hearts values. Pull back today 1 7/16 but chart still in tact. Double top formed at $60 and above bsl. Microsoft Corp (MSFT) - expect that Win98 and NT sales to be good. Only stock in the 5 that advance on Friday, gaining 3 1/2 pts to 94 11/16. Added 2 X's (to 94) on the chart and it had already exceeded a double top when X added at 92. [For jan's collection - obviously did not influence picking MSFT] There are three engineers in a car, an electrical engineer, a chemical engineer, and a Microsoft engineer. Suddenly the car just stops by the side of the road, and the three engineers look at each other wondering what could be wrong. The electrical engineer suggests stripping down the electronics of the car and trying to trace where a fault might have occurred. The chemical engineer, not knowing much about cars suggests that maybe the fuel is becoming emulsified and getting blocked somewhere. Then, the Microsoft engineer, not knowing much about anything, comes up with a suggestion. "Why don't we close all the windows, get out, get back in,open the windows again, and maybe it'll work!?" Pfizer (PFE) - latest drug viagra has gotten it price up and has a strong pipeline of drugs. Currently at a double top formation of 114 and would be very positive if it exceeds 116 (triple top? - hope I got the chart correct) Resistance in the 114-116 level. Stop out at 102. [Jan could you post a chart of PFE later some time] Exxon (XON) - Oil price at a 12 year low and there is a glut of supply. XON seems to be holding it value compared to drillers. Short term oil price could firm if OPEC member cutback productions and summer usage increase. I expect little downside risk. Long term you have got to be positive on the price of oil. Has had a major pullback from its the highs ($76 52weeks) in early May to (early?) June ($68) and reverse up to 71 where it is now. Above its bsl. John