Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bwe who wrote (4778)	7/15/1998 4:11:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 34811

Did anyone here have a post about HD seems like I saw one but then I couldnt find it when I went back to look for it...

To: Bwe who wrote (4778)	7/15/1998 5:21:00 PM
From: Al Serrao	Read Replies (1) \| Respond to of 34811

Bruce again, always good to get your updates from Chartcraft. Gives me a better feel for what's really going on in the market.

To: Bwe who wrote (4778)	7/15/1998 5:55:00 PM
From: Judy	Read Replies (1) \| Respond to of 34811

Bruce, Chartercraft shows 'drugs' being in a bear correction with an * to indicate that the group had moved up. What was the prior status of the group? Thanks.

To: Bwe who wrote (4778)	7/30/1998 3:23:00 PM
From: Bwe	Read Replies (2) \| Respond to of 34811

Chartcraft Report: Hi again, everyone. Chartcraft has turned quite bearish with regard to portfolio moves. The service has recommended four short sales which are their first such recommendations in quite some time. -Recommended shorting the following stocks yesterday: Bank Of NY.....stop at $69 1/2 CNF Transportation.......stop at $50 1/2 Solectron.........stop at $55 1/4 Today, the following stock was recommended as a short sale: T Rowe Price...stop at $43 -Dow Utility Index gave a p&f sell --Weekly Data: NYSE Bullish %: 44.1 OTCBP: 38.3 ASEBP: 41.4 DOWBP: 53.3 Option StocksBP: 39.9 Option Stocks % Above 10 Week MA: 30.7 30 Week MA: 38.9 NYSE % Above 10 Week MA: 29.39 NYSE % Above 30 Week MA: 33.15 NYSE High Low Index:37.1 Bullish Advisors: 52.5 Bears: 26.3 High Pole Tops (bearish): Ameritrade, Carnival Corp, Lucent, Time Warner, American Eagle Outfitters, American Express, Mindspring, Mesabi holdings, Dollar General, NationsBank, Seagram's, Arterial Vascular, Anacomp High Pole Top at the Bearish resistance line (very bearish..especially if the stock has bearish RS): Citicorp, Whole foods, VISX Bull Traps (bearish): Spyglass, Americredit, Colgate, Goodyear, Bed Bath & Beyond RS Buys: Xircom RS Sells: What would a week be without some RS Sells in the Oil Patch.....Atwood Ocean, Maverick Tube, Transocean Offshore, Noble Drilling, Tuboscope, Global Industries, Precision Drilling.....Wolverine Worldwide, Oakwood Homes, Roper Industries, Technitrol, Dover, Lands End, Deere, Dover, Goodrich, Barr Labs Please do not ignore RS signals. If a stock you own gives an RS Sell signal, the stock should be given close scrutiny and should be held only if there are other compelling fundamental or technical factors for the good. I'm with you all in spirit even if not posting as much as usual. Take care, Bruce