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

To: Lee Lichterman III who wrote (7077)	9/10/1998 12:36:00 AM
From: Ms. X	Respond to of 34811

Remember that the NYSE BP is still bearish. We aren't in a bull run yet. At this point count the sector as being in your favor but if the charts break down on individual stocks, this is very negative. If the sector is positive and the stocks still move negative - they are very much underperforming. Have to put it all together to make a complete picture. I see Dell OK until 46 with the first hint of problem at 52. IBM broke a double top already and is right at its trend line (brl). 130 is resistance with 132 breaking that resistance and bullish. While 114 would confirm a breakdown of the stock. Support at 116/112/110. All I can say on your positions is wait for a signal to confirm the direction. If short IBM right now your stop is 132. You could cover at the support levels for a quickie. Take care, Jan I am