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

To: Judy who wrote (7650)	9/23/1998 6:08:00 PM
From: Bwe	Read Replies (1) \| Respond to of 34809

Judy, PFE broke through it's Bearish Resistance Line (BRL) today at $102 with a Bullish Catapult formation confirming buy signal at $104. This is very bullish chart action. Also, the stock broke the $102 spell that it had been having difficulty with this month. The Bullish PO is $122. Bullish Resistance Line (brl) is at $126. PFE's recent chart action is a good example illustrating why a valid trend line break needs to be accompanied by a sell signal. The absence of a p&f sell on Monday was a key distinguishing feature that allowed the stock's uptrend line to remain intact despite an ostensible penetration of the BSL. The stock's RS calculation rose this week, although not enought to add another box on it's chart. What do you think, Judy? Bruce PS- Another fine day for EMc today as it continues it's market leadership status. I will take some EMC chips off the table if the stock rises to it's po as I believe it will. In the oil patch, my Oil Service stocks are still in play and I'm very encouraged by the movement of the Oil Service Bullish % chart with it's move to 30%, up from 28%. The crude charts are acting very well and have all broken their long term downtrend lines (BRL). The price of oil is the psychological key to the chart action of entire group. I like Veritas DGC (VTS) very much and I'll write a p&f analysis in the next day or so.

To: Judy who wrote (7650)	9/23/1998 10:06:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34809

Judy: MSFT, AOL, CSCO MSFT: Back looking strong. Would like a pullback to 104 for purchase. Or half here and add on any weakness. RS positive and on a buy Momentums Daily Positive Weekly Positive at 114.218 Monthly Positive at 115.174 Vertical Count: 137 120 ------------------------------ 118 X 116 X O 114 X O 112 X O X X 110 7 O X O --------X ----------- 108 X 8 X O X Med 106 X O X O X <--Triple top buy 104 X O X O X X X 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 --------------------- AOL: I'd say this one is still for aggressive traders but the RS did just reverse back to X's today. This is a bullish sign for the stock. Would want to purchase on a pullback at least 108. RS positive and on a buy Momentums Daily Positive Weekly Positive at 115.709 Monthly Positive at 155.532 Vertical Count: 155 116 114 X 112 X 110 ------------X ------- Med 108 X <--standard pullback 106 X 104 X <--add to positions on weakness to here 102 X X (if possible) 100 X ------X O X ----------- 99 X O X X O X 98 X O X O X O X 97 X O X O X O X 96 X O X O O X 95 X O X ----O ------------- CSCO: Another double top for Cisco and completes a bullish catapult. Can buy here and on any weakness. RS positive and on a buy Momentums Daily Positive Weekly Positive at 75.252 Monthly Positive at 92.753 Vertical Count: 79 66 X O X X O X <--Bullish catapult 65 X O X O X O --------X --X ---------- 64 X O X O X O X O X Med 63 7 O 8 X O X X X O X 62 X O O X O X O X O X 61 X O X O X O X O X 60 X --------O X O X O X O X ---------- 59 X O X O X O X O 58 X O 9 O O 57 X O X 56 X O X 55 X --------O ------------------------