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

To: wizzards wine who wrote (5176)	7/29/1998 1:35:00 AM
From: Jorj X Mckie	Respond to of 34811

Preston, Gotta love that CSCO!!! Pattern is a little screwed up even though it looks similar. CSCO's normal behavior is to run up before earnings then to pullback after earnings. We had the normal run up, but we have pulled back before the earnings announce (maybe because of the general market downturn?). Regardless, chart looks like it wants to turn around and we have a week to go before earnings:) Also check ASND. Pretty chart, RS positive, held $50 support so far and October is coming up quickly (Referring to LU pooling of interest restrictions being lifted). Move to $56 will be a pretty good confirmation, but I will likely enter without the confirmation. Later, Tom

To: wizzards wine who wrote (5176)	7/29/1998 8:50:00 AM
From: chartseer	Read Replies (1) \| Respond to of 34811

Couple of items of interest. Chart DIA a condensed version of the DIA. Jan compare chart of DIA to your DJIA chart. Identical, are they not? SPY for SP 500. Clear station's Kensey just E-mailed CSCO as a short. Don t know if it is relative or not. Just wanted to inform post since there seems to be an interest in CSCO as a long. Personally think most Mkt action will be on the short side for the next few weeks, maybe even months. Only one mans opinion then again I may be wrong.