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

To: Judy who wrote (4622)	7/10/1998 6:22:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34811

Hi Judy, Agree on BAY and ASND. ASND broke through resistance at 51. RS in column of Xs. Looking good right now. Jan, of course will give a more detailed read. Have a great weekend! Tom

To: Judy who wrote (4622)	7/11/1998 11:14:00 AM
From: Ms. X	Read Replies (4) \| Respond to of 34811

Hi Judy, Looking at Ascend it has been steadily gaining strength since March, after it's initial push through the brl. The RS turned positive, the monthly momentum turned positive - all indications to me that something more than just buyout hype is going on. Usually, you see a High Pole or something similar when hype is coming down the wire. ASND looks steady. I don't understand the short on a technical basis. Don't see it. First sign of breakdown at 46 but that may only be a false sell signal. May pullback to 50 for an entry not much of a short there (I know you aren't shorting the stock). Here is the chart: 56 Top 55 ------------------------------------------------------------------ 54 53 X 52 * \| 5th buy signal X 51 * \| X X 50 ---------* ----------------------+-----------------------X O X --- 49 * \| 4th buy signal X O X 48 X * \| X X O X 47 X O * \| X O X 7 46 X O * \| X O X 45 -X O --------------* ------------+- 3rd buy signal X O 6 ------- 44 O * \| X 5 O X 43 O * \| X O X O X 42 O * \| X O X O 41 O * \| X O X 40 ---9 ------------------------* --+---------------X O ------------- 39 O * \| 4 2nd buy signal 38 O X * X X 37 O X O \| * X O X 1st buy signal 36 O X O Broke throught BRL--> X O X X * 35 ---O X O X --X ------------------+-----* X 3 X O X ------* ------- 34 O X O X O X O \| X O X O X * 33 O O A O X O \| X O O X * 32 O X O O X \| X O Held new support 31 O X O X O \| X 2 * 30 -------O ------O X ------X O ----+---X O X ----* -----------------