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


To: james ball who wrote (8261)10/6/1998 8:39:00 AM
From: james ball  Read Replies (2) | Respond to of 34824
 
Our internal numbers suggest no reversal in the NYSE Bullish Percent. Still about 1.1% away. The Option Stock has reversed suggesting stops must, must be placed and adhered to. Stocks that have been blasted and are still above the long term trend line can be averaged in on the first buy signal as long as the fundamentals have not changed. Bottom fishing candidates might be HPC, UCC, MMM, and look at AA chart. In this market stop limits might bet the best course of action rather than regular stop orders as the stop order could be elected substantially below your intended out. Limts allow the stock to open through your stop without taking you out at potentially the bottom. Tom D.



To: james ball who wrote (8261)10/6/1998 11:00:00 AM
From: Al Serrao  Read Replies (1) | Respond to of 34824
 
Hi Tom, thanks for the update. I hope your going to make it to Dallas in the near future. Hard to make money in this market and thats good. I get worried when its too easy.

Tom, my daughter got me into ANF and AOES which were great trades for me. Seems like all of her teenage friends shop at both stores. Now my son has introduced me to Taco Bell(YUM). Seems there is a line out the door at lunch time. By by big mac, hello tacos. Earnings were great and the RS has been moving up.

Looking forward to reading your research "From The Analyst". And thanks for keeping us little guys out of harms way. There would have been a whole lot of damage without your site and the good old BP.