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

To: james ball who wrote (3769)	6/16/1998 5:45:00 PM
From: Ms. X	Respond to of 34811

Tommy, People love the fact that you are posting here! Having your name listed will alert those who have not figured out that you are an active member. Very cool. Large and in Charge!!!!

To: james ball who wrote (3769)	6/16/1998 6:44:00 PM
From: Bwe	Respond to of 34811

Hi p&f pals. It's time for the Chartcraft Report: -Last week on the Big board there were 1150 stocks up and 2200 down....... -Of the IBD Industry groups Chartcraft follows, 5 were up and 125 were down -Tubos De Acero's hit stop loss and was sold for a loss. TAM was recommended at $19 1/2 and was stopped out at $14...... -73 Buying Climaxes {a big number} 14 Selling Climaxes A buying climax (BC) occurs when a stock hits a new 52 week high AND finishes with a loss for the week (a sign of a top). A selling climax (SC) occurs when a stock makes a new 52 week low AND finishes with a gain for the week (a sign of a bottom) Some Notable Stocks with BC's: American Express, Chrysler, Century Tele., Coca Cola, Medtronic, McDonald's, Robert Half, TJX (One of my portfolio stalwarts that has had it's 2nd BC in two months and today had a High Pole at the Bearish Resistance Line-stopped me out of 1/2 my position), Hasbro, Ames Dept Store Selling Climaxes: Hawaiian Air, Quickturn, WD-40, Converse (the sneaker company) -Crude hit lowest level since 1986 -Technical Formations: -Bear Trap: Aon Corp -HPT: American Airlines, -High Pole at the Bearish Resistance Line: Fruit of the Loom, Equitable Cos., Lehman Brothers, TJX That's all for now. Have a good evening everyone. Bruce