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

To: Sam Quentin who wrote (4947)	7/22/1998 10:02:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Morning Sam, METZ is RS buy in X's, and in Bull Correction which is in O's on the BP chart...Some support at 30 but supply and demand have been battling it out with demand just a little ahead. Trend line is way down at 21..When the BP on this sector goes to X's, this one may fly... NETA RS sell in X's @ 6.07 and will give an RS buy at 6.5...Double top at 55 with a stop at 50...Trend line well down at 44 and it gave a vertical count of 58 origally, currently at 56...Sector is Bull Confirm at 44..nice position.. Later Preston

To: Sam Quentin who wrote (4947)	7/22/1998 10:42:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hi Sam, I see Wizzie was a little quicker than me. Here is the chart. Nice show of demand. Price objective - 68 38 37 X 36 \| \| X X 35 ---------+-----------------------------+-----------X --X O X ----- 34 \| \| 4 X O X O X 33 \| \| X O X X O X O X 32 \| X 3 O X O X 5 X O X 31 \| 2 O X O X O X O X O X 30 ---------+-----------------------------1 O X O --O --O X 7 ------- 29 \| X O X O 6 <--Trade stop. 28 \| X O X O X 27 \| X X O O X 26 \| 9 O X O X 25 ---------\| ------------------------X O X ------------O ----------- 24 X \| * X C X <--Long stop 23 X O X * X O \| NETA: Nice one. Can buy calls on this IMHO. 56\| X Top 55+-------------------------------------X ------------ 54\| X X 53\| X O X 52\| X O X 51\| X O 50+---------------------------------X ---Trade stop 49\| 7 48\| X X * X 47\| X O X O 5 * X 46\| X O X O X O * X 45+---------3 O X --X --X O X O --* X ------------ Med 44\| X O X O X O X O O X X 43\| X X O X O X O X O X O X 42\| X O X O X O 4 X * O X O X 41\| X O X O O X * O X O X * 40+-----X O --------* O * ----O X O --* Long stop