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

To: wizzards wine who wrote (4483)	7/7/1998 2:19:00 PM
From: Bwe	Read Replies (1) \| Respond to of 34811

Chartcraft Report: -Chartcraft increased their invested position by adding the following funds to their Fidelity Switch Fund Portfolios: -Raised to 20% invested from 0% in their Fidelity Equity Switch Fund portfolio by adding Fidelity Business Services. -Raised Fidelity Fixed Income portfolio to 100% by adding Fidelity Balanced Fund -Raised Fidelity International Switch Fund portfolio to 40% by adding Fidelity Pacific Basin Fund -Added Japan WEBS traded on the ASE for the Chartcraft portfolio -Short term indicators are positive and showing good strength. All 3 High Low indexes turned up from below 30%. -Only thing lacking is more p&f buy signals for an upturn in the Bullish %'s. -Technical Indications: High Pole Top: VISX Bear Trap : Taiwan Equity Fund, Cash America International Bullish Shakeout Formation: Dell Computer Broke Major Downtrend Line: UAL Buying Climaxes (30): Dycom, Johnson & Johnson, Humana, Boston Beer, Sterling Software, Abbott Labs, Carnival Corp., Unisys, Cocoa Cola, Macromedia, Rite Aid, Dollar General, BET Holdings, Viacom, Affiliated Computer Services, Grand Casino, US West Media, Cambridge Technology, Anacomp Selling Climaxes (22): Breed Technology, Bandag, Cliffs Drilling, Penzoil, Pride Pete, US Filter, Sun Healthcare, Landry's seafood, Presstek, Indonesia Fund, Raychem If you own any stocks that had buying climaxes, watch for other signs of a top being made in the stock. On the selling climax side, notice 3 oil sector stocks. There will probably be many more before the bottom is seen in this group. US Filter coming off a recent acquisition of Culligan and the worst may be over for that stock. For Cabot Market Letter fans, PRST hitting the new low list must be disheartening. Is that stock still in the Cabot portfolio? Take care, Bruce

To: wizzards wine who wrote (4483)	7/7/1998 5:01:00 PM
From: Mr. BSL	Respond to of 34811

Preston - I got your sort, eliminated Bear alert/correct/confirmed, then sorted on Bullish percent,group,company. These are the top 20: Vitesse Semi VTSS semi Bull Alert 22 Biogen BGEN biom Bull Correct 34 FORE Systems FORE comp Bull Confirmed 38 A O L AOL comp Bull Confirmed 38 Apple Computer AAPL comp Bull Confirmed 38 Cisco Systems CSCO comp Bull Confirmed 38 Computer Sci CSC comp Bull Confirmed 38 EMC Corp EMC comp Bull Confirmed 38 Fiserv FISV comp Bull Confirmed 38 Gateway GTW comp Bull Confirmed 38 H B O & Company HBOC comp Bull Confirmed 38 Lexmark LXK comp Bull Confirmed 38 Storeage Tech STK comp Bull Confirmed 38 Sungard Data SDS comp Bull Confirmed 38 Tandy corp TAN comp Bull Confirmed 38 Allied waste AWIN wast Bull Correct 42 U S A Waste UW wast Bull Correct 42 Apollo group APOL busi Bull Correct 44 Equifax inc EFX busi Bull Correct 44 Paychex PAYX busi Bull Correct 44 More to follow - Later duke60