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

To: Giordano Bruno who wrote (3789)6/17/1998 12:05:00 AM
From: Ms. X  Respond to of 34811
 
Hi everyone, let's talk techs shall we?

Our friend Jim brought up a comment in the DWA report about techs and how they are looking these days. I had a while back, started searching for ideas in some of the tech sectors because they are reaching areas where they have bottomed before. Most closing in on or under the 30% level which - when the sector reverses up, will put it into Bull Alert status. As everyone reading this thread should know, Bull Alert is our friend. We like Bull Alert. We start looking for pennies in the couch when we get a Bull Alert.

So, let's get discussions going. Remember portfolio contest. Perhaps our P&Fers could find some goodies in these sectors.

I'll start posting some sector charts and we'll get moving on finding some gems in these beaten down sectors. As I had mentioned to Jim, they are still in O's and the market is still in a bad mood. Have to mention it so we don't have our blinders on. Traders may be encouraged to jump into some at this point.

Let's rock and roll baby!!!



To: Giordano Bruno who wrote (3789)6/17/1998 12:11:00 AM
From: Ms. X  Read Replies (2) | Respond to of 34811
 
Semiconductors

80 +-----------------------------| ----------------------| --------------------
78 | | X |
76 | | X O |
74 | | X O |
72 | X | X O |
70 +-------------X O --------X --| --------------X O ----| --------------------
68 | X O X O | X X A |
66 | X 5 C O X X O 7 O | X
64 | X 6 X X O X O X O X O | X O
62 | X O A O X O X O X 6 X O | X O
60 | X ----------X O ----X O X O 1 2 --------X O --O ----| --X 3 --------------
58 | X O X X O X X O X O X O X O | X O
56 | X O X O X 7 X O X O X O X O X X O | X O
54 | X O X O X O X O X O X O | O X O X O | X O
52 | X O X 3 X O X 9 X O X | O X O X O | X O
50 | X O --O ----X O X O X B ----| O X 3 ----X ----O ----| --X O X ------------
48 | X O X O X O | O O X O | X O 5 O
46 | X O X O X | O X X O | X O X O
44 | X O X O X | O X O X O | X O X O
42 | X O X O X | O X O X O | X O O
40 | X ----O ----X O X ----------| ----O 4 O X ----O ----| --X ----O ----------
38 | X O X O X | O X O 5 O X | X O
36 | X O X X O X | O X O X O X O | 2 O
34 | X O X O X O X | O O X O X O X X O
32 | X O X O X O X | O O X O X O X O
30 O X ----O X 4 X O X ----------| ----------------O X C X O X ----O -
28 O X O X O O X | O B O X O X O
26 1 X O O X | O X O X O 6
24 O X O 8 | O X O 1 O
22 O 2 O X | O O X O
20 O X ------------O X ----------| --------------------O X --------O <--Current reading
18 O X O X | O X
16 O O X | O |
14 | O X Bottoms here in the 12-18% range
12 | O Actual reading on the BPSEMI is 18.5
10 +------------------------As you can see, reversals up are usually quite strong.
8 | | |
6 | | |
4 | 9 9 | 9 9 | 9
+-6 6 +-7 7 +-8


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