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

To: The Phoenix who wrote (5311)	8/3/1998 7:58:00 PM
From: Jorj X Mckie	Respond to of 34812

Gary, Welcome to the darkside my brother. Entering a position at a triple bottom (where MRVC is now) isn't necessarily a bad thing. It is definitely sitting on support right now, so it may be easier for it to move up, than down. However, there are other indicators that say that MRVC is very risky right now (trending down and below bearish resistance line). So it is just one of those Caveat Emptor situations and clearly one that I would jump on if I was inclined to play MRVC. However, you should be prepared to jump out of MRVC if it hits $19.00 or below. Meanwhile, I bought more ASND calls this morning when it dropped below $43. Today's late action reversed ASND into a column of Xs (positive). And I think that as the rest of world figures out that ASND is entering into a very strategic acquisition we will see another jump tomorrow. CSCO's activity not following its normal pattern. Believe it or not it reversed into a column of Os today (negative), even though it went up fractionally. It will interesting to see if CSCO has a sell off after earnings as usual or if it continues to break its pattern by holding its value. Signed "The Embodiment of the TDT"

To: The Phoenix who wrote (5311)	8/3/1998 9:41:00 PM
From: Ms. X	Read Replies (3) \| Respond to of 34812

Oh, for Pete's sake you two!!! Yes, you two - Gary and Tom... I love a good TDT as much as anybody but do we have to get so schizophrenic about the whole thing??? Perhaps we are a little itchy and board with the market being all fidgety and stuff. Well short something then!!! Poke your eye out doing TDT's right now. MRVC is below the brl, NEGATIVE. RS on sell and in O's NEGATIVE Sector 30% and falling NEGATIVE AND the market is in a free for all. WAY BIG TIME NEGATIVE. Now, I've described the TDT as an aggressive trader smoking crack. Trading MRVC to the upside is like a TDT trader smoking crack and I have no idea what that spells out... I will however watch with popcorn in hand if you two (or is it just Gary?) do this thing. I'll choke on a kernel and will for ever shut up if it works... You two are silly. :-p