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

To: Mr. BSL who wrote (4133)	6/26/1998 10:43:00 AM
From: wizzards wine	Respond to of 34806

Morning Duke, I sure hope Tom gives us his wisdom on that question. As you know though, the NYSEBP is the one that is most important, and it was down one more box this week and now stands at 45.8. This one has gone to 52 in 97, 46 in 96, 34 in 94, and 18 in 90. Until it reverses back up, I'd say we are still on the defensive. If we look at the sectors that reverse back up from a low position, and select very strong stocks that have not violated support and have a postiive RS in X's, place your stops and keep an eye out like a hawk, we can probally try to pick off a few. Just remember, that if the NYSEBP goes lower, it could take and reverse the sectors back into O's. Go for short passes and complete each play. NO LONG BOMBS YET! Later Preston

To: Mr. BSL who wrote (4133)	6/26/1998 11:23:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34806

Hi Duke, If you can find stocks in those sectors who have not violated any P&F rules and whose FA is solid, you can act on them. RS is important of course and keep the stops close. Watch them. Now is a good time to find the strong stocks in these sectors as the weak ones will have been washed out. Take care, Jan I am