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

To: John Post who wrote (4331)	7/2/1998 11:27:00 AM
From: Ms. X	Respond to of 34811

Hi John, With CGNX I'd wait a bit. Reason is the RS is -/- (also known as S- meaning on a sell and in a column of O's) all the momentums are negative and it is way below the trend line. On the positive side, currently it is making higher bottoms and has one buy signal off the downtrend. If you like the company on the FA side of things, watch the charts for some sign that demand is taking control. I.E. more buy signals, levels of support, RS reversal, momentums flipping positive. If you put it in the portfolio feature at DWA, it will track this stuff for you. With FON, it wouldn't be a spread quintuple because it has that column of O's in the middle of that spread that goes lower. Umm, did that make sense? For it to be a quintuple, it would have to be a row of them without any interruption. 68 breaks the self of support and would be two double bottoms. Take care, Jan I am