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

To: Bwe who wrote (7538)	9/22/1998 10:31:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Ideas. Microsoft: Triple top buy signal that held recently. RS is strong. Sector is in bull alert at 20%. Daily momentum turns positive at 111. Vertical count is 125 (unconfirmed). 120 --------------------- 118 X 116 X O 114 X O 112 X O X 110 7 O X O ------------ 108 X 8 X O X <--Signal given last week. 106 X O X O X Held this through recent 104 X O X O X X X market volatility. 102 X O O X O X O X 100 X ----O X O X O X -- 99 X O X O X O 98 X O X O X 97 X O X O X 96 X O X O 95 X ----9 ------------ CSCO: Great pullback yesterday. RS very stron and daily momentum turns positive at 65. Vertical count is 79. 70 -------------------X --------------- 69 X X O 68 X O X O 67 X O X O 66 X O X X O <--Move to 66 would complete 65 -----------X O X O X O --------X --- a bullish catapult. 64 X O X O X O X O 63 7 O 8 X O X X X O 62 X O O X O X O X O 61 X O X O X O X O 60 -----------X --------O X O X O X O - 59 X O X O X O X O <--Pulled back yesterday 58 X O 9 O O after triple top. 57 X O X Good support at 58 56 X O X 55 -----------X --------O ---------------------- One to watch: GLX Creating a wide trading range (in between bold). Hasn't violated the bullish support line and the RS is positive and close to a buy signal. Momentums negative with daily turning positive at 63, weekly at 62 and monthly at 68. 67 66 X 65 X O ********************************** 64 X O ? <-- Would break 63 X O X ? resistance and 62 X O X X X X O X ? would be bullish. 61 \| X O X O X O X O X O X O X 60 +---X O ----------------X O X O X O X O X O 9 - 59 \| X O X X 7 O X 8 X O O X 58 \| X O X X O X O X O X O X 57 \| X O X O X O X X O O O X 56 \| X O X O X X O X O X O 55 X --2 O X O X O 4 O X O X --------------------- 54 X O X O X 3 X O X O X 5 X * 53 X O X O O O X O X 6 * 52 X O X O O X * 51 X O O * 50 ********************************************