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

To: Mr. BSL who wrote (8744)	10/16/1998 8:40:00 PM
From: Bwe	Respond to of 34827

Chartcraft stuff: RS Sell Signals: AAR Corp, Biovail, CKE Restaurants, Delta Airlines (gave RS Buy 11/97), Honda, Consol. Stores, Lennar (3/98), Monsanto (8/93...wow), Oak Industries, Peoplesoft (10/94...another stunner), Smithfield Foods (3/97) Lots of Selling Climaxes in the financial area as I mentioned earlier in the week to Judy. A coincidence...I doubt it: American Express ($67), Bear Stearns ($26), DLJ ($21), JP Morgan ($73), Bankers Trust ($45), Lehman Brothers ($23), MS Dean Witter ($37), Washington Âutual ($27), State Street ($48). Fastenal also had a SC at $21. -A move to 32% would put the NYSEBP in Bull Confirmed status. Also looking for a reversal in the % of 10 and some positive readings from the Two Second Indicator, - Best short sale candidates come from stocks that have HPT's and Bull Traps on their p&f charts. - Still of the opinion this is a rally within the context of a bear market. Downside po still remains 6,750 on the Dow. Take care, Bruce