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

To: XOsDaWAY2GO who wrote (3750)	6/16/1998 3:33:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Hi Barbara, Tom Is posting on the SI sight and using James Ball's link from DWA. Rather than having all of the people up at DWA joining SI. You have to look under the signature of those posting, you will see Tom, Jay and others. Later Preston

To: XOsDaWAY2GO who wrote (3750)	6/16/1998 3:35:00 PM
From: Ms. X	Respond to of 34811

For Luc: CCI, NKE and INTC CCI: Momentums and RS negative. Extremely close to breaking a spread double bottom. This would also drop it past May lows and close to April lows. Hedge at that point. 130 Breaks the bullish support line. 184 182 X 180-----------X O ------------------- Top 178 X O 176 X O 174 X O 172 X O 170-----------X O ----------------------- 168 X O 166 X O 164 X O 162 X O 160-----------X O ----------------------- 158 X O X X 156 X O X O 6 O Med 154 X O 5 X O X O 152 X O X O X O X O 150-----------X O X O X O X O ----------- 148 X O O X O O 146 X 4 O O <--Yesterdays action 144 X O X ? <--spread double bottom break 142 X O X 140-------X O --------------------------- 138 X 136 X 134 * 3 132 * X * Bot 130 O --* X --------------* ------------ NKE: NKE is still below its bearish resistance line (not shown here). On a buy signal with support at 43. Break to 42 would be a triple bottom and very negative sign. Next support at 38/39. Daily/weekly negative but the monthly did turn positive after being negative for two years. Aggressive only to the upside. 48 X 47 X X X O 46 X O 3 O 4 O Med 45 --X O X O X 6 ---------- 44 X O X O X O 43 2 O O ? 42 O X ? <--Triple bottom break 41 O X 40 O X ---------------- Bot 39 O 38 INTC: RS and momentums negative. Below January Lows. Not good. Would need to see some higher bottoms and buy signals for even the aggressive traders. Sector is at the 20% level and would wait for a Bull Alert signal before considering INTC. 84 X O X O X O X O * 83 2 O O X O X O * <--Bearish resistance line 82 X O X O 5 O 81 X O X O X O 80-------X ----O ------------X O X O -------------- 79 X O X X X O O 78 X O X X O X O X O Med 77 X O X O X O X O X O 76 X O X O X 4 X O X O 75 --X --X ----O * O X O X O X ----O -------------- 74 O X O X * O O X O O 73 O X O X * O X O 72 O * O X * O O 71 * O * O 70 ----* --------------------------O X ------------ 69 O X O 68 6 X O 67 O X O 66 O O <--At double bottom ------------------------------------? <--Double bottom break