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

To: Ms. X who wrote (4334)7/2/1998 11:45:00 AM
From: Ms. X  Respond to of 34811
 
Oil, oil, oil.. The bane of our existence but lets look anyway.

The XOI is making moves. Close to a major breakout and looks as if
demand is coming back in.
Oil and Oil service sectors sold off to very low levels. We will look
at them next.

506 X *
504 X O X *
502 X O X O *
500 ------------X O ----------------X O --* --------------------------
498 X O X O X *
496 X O X O X O *
494 X O X X O X O *
492 X O X O 5 O X O *
490 ------------X O X ----------X O X O X O --------* ----------------
488 X O X O X O X O O *
486 X O X O X X O X O *
484 X O O 4 O X O X O *
482 X O X O X O O X *
480 ------------X ----O X O X --X --------O ----X O ----------* ?<--Would break the bearish resistance line
478 X O O X O X O X X O 7 <--Triple top.
476 X O X O X O X O X O X X X
474 X O O O X O X O X O X O X
472 X O X 6 X O X O X O X
470 ------------X ------------------------O --O X O ----X O X O X ----
468 X X O X O X O X O Higher bottom
466 X O X X O X O X O X
464 X O X O X O O X O X
462 3 O X O X * O X X O X
460 ----X O X O X ------------------------* ------O X O X O -Higher bottom
458 X O X O * O X O X
456 X O X * O X O X
454 X O * O X O X
452 X X * O O <--Held support
450 X O X ----------------------* ------------------------------------
448 X O X *
446 X O X *
444 X O X *
442 O *
440 ------------------* ----------------------------------------------



To: Ms. X who wrote (4334)7/2/1998 11:52:00 AM
From: Ms. X  Respond to of 34811
 
Oil Sector:

BPOIL

80 ----------+---+-------+-+-----+-----+-----A +---------------------
78 | | | | | | X O
76 | | | | | | X O
74 | | | | | | X O
72 | | | | | C | X O
70 ----------+---+-------+-+-----+---X O X --9 O --------------------
68 | | | | 6 A O X O X O
66 | | | | X O X 2 X O X O
64 | 5 A | | 5 O X O 6 8 O
62 | X O X O | | X 7 O X O
60 ----------+---X O 9 O +-+-----X ----O X ----O --------------------
58 | 4 7 X B | | X O X B X
56 | X O X O | | X O X O X O
54 | 3 O O | | 4 O X C X O
52 | X C | | X 3 X O X 5
50 ----------+---X ----O +-+-6 --2 ----O 5 ----O X O ----------------
48 X X O | | X O X 4 X O 3 O
46 9 O 2 O X | 5 O C O X O X O
44 X O X O 2 O X A X O O X O
42 8 B X O 1 O X O X | O X 6
40 ----------6 C +-----O X 4 4 B +-----+-------O X O ----------------
38 X | O X C 3 | | O X O
36 O X | O | O X | | O X O
34 O 5 | | O X | | 1 2 O
32 O X | | 1 | | O X O <--Reversal up
30 --------O 4 --+-------+-+-----+-----+-------O X O Current reading:
28 O 2 | | | | | O O 28.10%
26 C 1 | | | | | | O
24 O X | | | | | |
22 O X | | | | | |
20 --------O<--1991 Low.



To: Ms. X who wrote (4334)7/2/1998 11:55:00 AM
From: Ms. X  Respond to of 34811
 
Oil Service Sector.

BPOILS

70 --+-----+-----X O X C X O ----X O X O --------+--------------------
68 | | X O X O X O X O 9 O |
66 O | | X X O X O | 2 X O X O |
64 O | | X O X O A | O X O X O | X
62 B | | 9 O X O X | O X O O | 5 O
60 O | ----| 8 A X O X --| O ----X ----O X ------+-----------X --X O -
58 O | X | X B X O X | O X X O X O | X O X O
56 O | X O X O C 8 9 | O X O X O X O | X O X O
54 O | X O X O X O X | O X O 5 O X O | X 4 O
52 C | X A 5 O X O X | 3 X 4 X O X O | X X O
50 O | --7 O X O | O ----| O X O X ----O X O ----+-------X O X ----O -
48 O | X B X | | O X O O X O | X O X O
46 O | 6 O X | | O O X O | X O X 6
44 O | X C X | | O B O X | X O X O
42 O | X O X | | O X O X O | X O O
40 O 2 --5 O X --+-------+-------------O X O X O | --X --3 --------O -
38 O X O X O 4 | | O O X O | X O X O
36 O X O X O X | | O X O | X O X O
34 O | 4 O X | | O X O | X O O
32 | O 3 | | O X O | X O
30 --+-----1 X --+-------+-----------------O X O 1 --X ------------O <--reversal up.
28 | 2 X | | C O X O X O Current reading 28%
26 | O | | O X O X O
24 | | | | O | O 2 O
22 | | | | | O X
20 --+-----+-----+-------+-----------------------+-O X ---------------
18 | | | | | O X
16 | | | | | O X
14 | | | | | O<--Low in January
12 | | | | |
10 --+-----+-----+-------+-----------------------+--------------------



To: Ms. X who wrote (4334)7/2/1998 12:13:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
Tip for tracking "when to buy" scenarios.

So we have had a painful few months watching our favorite stocks stumble and fall. We know eventually things will turn around and we will be presented with great buys and opportunities. How do we know?
Remember, the stocks movement is controlled 80% by the market and sector so wouldn't it stand to reason that we would track these first?

How do we do that?

Well, let me tell ya.

Lets say you like oil. Damnit you want to own some but you aren't going to jump until you know the jumpin's good. I've just listed three indicators for the oil arena that help you decide whether demand or supply is coming in. You want to know what these babies are doing before you go leaping like a loon into a stock purchase.

So, put the XOI, BPOILS, BPOIL into a DWA portfolio and let it track it for you. Also put in that section your best FA oil and oil service stocks. Check daily. You know the sector is low so things might start popping soon. Maybe they already have. This is a great way to take control. Now, you can check daily to see if you should be spending your money in these sectors and your fave stocks.

Do the same for Semi's. Do the same for computers. Do the same for any sector that goes Bull Alert or is at low levels and you know some day, God willing, it WILL go Bull Alert. Search around DWA to find the Indexes and futures that pertain to the sector you like.

For that matter. You should be doing this for the issues you own anyway! You don't want to be sitting around one day sipping your tea to find your stock just fell 5 gazzillion points. You would spill the tea after screaming Hells Bells at the top of your lungs, have to go to the hospital for 3rd degree burns, stock would drop another 500 points while you are having skin graphs ... All this can be avoided. 10 to 1 the sector or index pooped out before your stock did. Just a friendly warning.

Good luck, have fun, Feliz Navidad etc.

Jan I am



To: Ms. X who wrote (4334)7/2/1998 12:20:00 PM
From: wizzards wine  Read Replies (1) | Respond to of 34811
 
Morning Princess, If we type in IBNYSE we see the current daily number for the NYSE is 51.47... Does this just have to give a 52 for the week to get the reversal or does it have to close the week at 52 to get the reversal, on the weekly chart BPNYSE????

As We Wait With Baited Breath>>>>>>>>>>>>>>>>>>>>>.

Later
Preston


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