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

To: wizzards wine who wrote (8535)	10/8/1998 9:10:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 34816

Wizzards- You're buying?Wow!I'm looking for 6500.... B*

To: wizzards wine who wrote (8535)	10/8/1998 10:02:00 PM
From: Ms. X	Respond to of 34816

Perspective: To all. Remember when the Dow fell in September to 7450? The NYSE BP was around 14% at that time. It then reversed up and the Dow moved up as well. Now, the Dow is very close to its lows again but the NYSE BP is at 19% - well above its low in September. This means that while it has reversed down, it is not as low as it was when the Dow made its last low. Which also means that still more stocks are on buy signals than they were in September. Which is bullish. Just a little perspective :-)

To: wizzards wine who wrote (8535)	10/8/1998 10:05:00 PM
From: Ms. X	Respond to of 34816

Good stocks to enter now with partial or full positions. Some trades too. Of course check FA yadda yadda. Also don't take your eye off the charts and don't expect me to immediately update if something goes screwy with one of these guys (that's my disclaimer :-)) WMT: Can buy here with a stop of 58 for trades and 52 for longs. MO: Can buy here with a stop of 40. PG: Can buy partial positions here and on a pullback to 75. Stop of 69. Looks good. AAPL: Still out performing the market. Pulling back to support which is at 26 and 25. Can buy with a stop of 24. COMS: Creating a large base and has excellent support at 23/24. Broke the negative trend line (bullish) and has pulled back from there. Can enter here with a stop of 22. (Good trade play as well as long) MSFT: Pulling back to support. Looking like a good entry point but would wait for a reversal up on the chart to set a stop. Support in the 82/83 range. Could toe dip here with a stop of 81. MRK:Can buy here with a stop of 110. AFL: Has held up very well. Out performing the market. Can buy here with a trade stop of 25 and long term stop of 18.5 Good stocks for aggressive trades. NKE: Good bottom fish play with a stop of 30. Trades only not long positions. Under performing the market. KMT: Can enter an aggressive bottom fish trade here with a stop of 16.5. Only for traders not for long positions. UIS: Out performing the market and above its positive trend line. Can buy trade positions here with a stop of 17. 16 is the stop for current long positions. NOVL: OK to buy here with a stop of 9 for traders. No long positions yet.