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Strategies & Market Trends : P&F Research -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (283)	10/3/1998 2:40:00 PM
From: Gottfried	Respond to of 389

Jan, >Understand?< Yes. Your offer of help is appreciated. Nothing in the book is hard to understand. Sometimes a reader just forgets something that was explained before. It's a memory type of thing. Gottfried

To: Ms. X who wrote (283)	10/3/1998 3:18:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 389

P&F125-basic study. Action #5. AHP,EMC,GTW,MTC & SFA have broken below their Bullish Support Lines. We are replacing AHP,EMC,GTW,MTC & SFA with USW,ARC,CIN,CHV & LMT. sell 1400 shares of AHP @ 50 3/4 for $71,050 sell 1293 shares of EMC @ 53 3/8 for $69,014 sell 1458 shares of GTW @ 49 1/16 for $71,533 sell 1290 shares of MTC @ 52 for $67,080 sell 3577 shares of SFA @ 12 11/16 for $45,383 buy 1203 shares of USW @ 53 7/8 for $64,812 buy 897 shares of ARC @ 72 1/4 for $64,808 buy 1676 shares of CIN @ 38 11/16 for $64,840 buy 740 shares of CHV @ 87 5/8 for $64,843 buy 615 shares of LMT @ 105 5/16 for $64,767 New cash balance is $36. Results of week 1 - Benchmark is down 4.0% P&F125-basic is down 4.1% Observations - The very strong RS stocks that have held up during this summer's correction are starting to show wear. AHP, EMC, DELL, GTW etc are trading higher now than they were last April when the market was making new highs, but are starting to show RS weakness. Are they the last to fall in this great bull run or are they the last to correct before the next up leg? Time will tell.