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

To: Al Serrao who wrote (3735)	6/15/1998 10:37:00 PM
From: Smooth Drive	Read Replies (1) \| Respond to of 34811

P&F Timers, (UPDATE) of Message 4829076 INDEX---5/13/98------6/15/98-----Gain/(Loss) DOW-----9211.84-----8627.93-----(6.34%) S&P------1118.86-----1077.01-----(3.74%) NAZ------1866.18-----1715.75-----(8.06%) By yumpin yiminy Lena, these herea charts seem to bea workin! With all the discussion of the bullish percent indexes, here for the new folks is the slow Norwegian definitions of their respective risk levels. (Note: Mr. D has previously reviewed and gave a thumbs up.) BULL CONFIRMED: Occurs when a column of X's moves above the previous column of X's. BULL CORRECTION: Occurs when a column of X's in Bull Confirmed risk status reverses down to a column of O's and 1) does not move below the previous column of O's, or 2) reverses down from above the 70% level but does not move to the 68% level or lower. BULL ALERT: Occurs when a column of O's in Bear Confirmed risk status drops to the 30% level or lower, and then reverses up to a column of X's and does not move above the previous column of X's. BEAR CONFIRMED: Occurs when a column of O's moves below the previous column of O's. BEAR CORRECTION: Occurs when a column of O's in a Bear Confirmed risk status reverses up to a column of X's, and does not move above the previous column of X's. BEAR ALERT: Occurs when a column of X's in Bull Confirmed risk status moves to the 70% level or higher, and then reverses down to a column of O's that drop to the 68% level or lower, and does not move below the previous column of O's. Take care, Eric

To: Al Serrao who wrote (3735)	6/15/1998 10:59:00 PM
From: wizzards wine	Respond to of 34811

Hi Al, Regarding QWST...RS Sell in O's, with a Triple bottom Sell on 5/27 and having fallen below the BSL.......... We Will Look For IT In The Morgue!!!!!!!!!!!!!!!!! So Sorry...........

To: Al Serrao who wrote (3735)	6/16/1998 3:44:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Hi Al, QWST was one of my faves for awhile but it looks like its shimmer has shimmied.. Needless to say, sector in O's at 44%. Good news is that it is getting to oversold levels. Would like to see it under 30%. QWST broke major support when it fell below the bearish resistance line. Momentums are negative too. Would wait for the sector and higher bottoms and buy signals before considering. If you really like the stock, add it to the DWA portfolio and watch for trend reversals to the upside. Best way to do it. 42 \| 41 \| X 40 -----------------------------------+---------------X O ----5 -------------- 39 \| X O X X O 38 \| X 3 O X O X O 37 \| 2 X O X 4 X O X O Med 36 \| X X O X O X O O O 35 -----------------------------------+---X O X O X O ----------O ------------ 34 X X \| X O X O X * O 33 X O X O X X O O * O 32 X O X O X 1 O X * O 31 X O O X O B X O X * 6 30 ---------------X ----O X O X O ----X O ------------* --------O -------- Bot 29 X O X O X O X X * O 28 A O X O O X O X * O<-Below January and October lows. 27 X O X O X O X * 26 X X O X O X O X * 25 -----------X O X ----O X ----O X C \| ----* -------------------------------- 24 9 O X O O \| * 23 X O \| * 22 X * 21 X * \| 20 -----------X ------------------* --+---------------------------------------