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

To: HoodBuilder who wrote (8540)	10/8/1998 10:34:00 PM
From: Ms. X	Respond to of 34816

Stocks just reversing up on the relative strength chart and above trend lines. Check FA and continuously check the charts please :-) AA - Higher bottoms, above trend, stop 64 ABX - Good on pullback, partial positions here. Stop 16.5 AEP - Pullback at 50 for purchase, stop 42 AYE - Can buy here stop of 25 BSNX - Can buy here, stop 10 CPN - Can buy here stop 17 EFU - Can buy here stop 37 KNE - Can buy here stop of 47 LTR - Can buy here stop of 77 NFX - Can buy here and on weakness, stop of 15 SEQU - Can buy here and on weakness, stop of 5.5 SVU - Can buy here stop of 20 TX - Can buy here stop of 55 XON - Can buy here stop of 61 Note: In checking for RS reversals positive I came across a lot and I mean A LOT of Utilities/Gas and Utilities/Electric stocks. Also oil and precious metals. From what I understand and as the saying goes "Watch the utilities" it will give you an indication of the market direction. If they are all of a sudden starting to out perform the market and this saying is true....hmmmm. Y'all may want to do some sleuthing :-)