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

To: chartseer who wrote (7487)	9/20/1998 9:52:00 PM
From: Jay Scott	Respond to of 34811

Chartseer, I agree that the Computer sector is a good place to load up right now. Dorsey's report last week also noted that the Semiconductor and Software BP charts had reversed up, too, and that the techs might actually lead this rally. A bit unusual, but I'll take it! JS

To: chartseer who wrote (7487)	9/21/1998 12:25:00 AM
From: Lee Lichterman III	Respond to of 34811

Thanks for the heads up. I already rolled out of those puts and moved on. Futures down again so I am going to stay away from calls for a while longer and just keep rotating puts from one stock to another as they take their turns crumbling. As much as I like the company and have played them on the long side, CPWR is starting to look like it could be the next one. The FA on them is fantastic but they haven't dropped at all during this whole ordeal. If it gets ugly enough, those that are the highest can fall the farthest. This could be an extremely risky bet since as I said, there is nothing wrong with the company and they are growing in leaps and bounds. CPWR tracks KEA (another one of my favorite longs) very closely normally. KEA is in the mid 40s while CPWR is still up in the 58-60 area. Now I just have to decide when to try it as it will be tough to time correctly. I think I will wait and make sure they won't pierce this triple top first then move. Thanks again & Good Luck Lee