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

To: space cadet who wrote (8840)	10/20/1998 4:18:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 34810

Space cadet, PnF books... pipeline.com G.

To: space cadet who wrote (8840)	10/20/1998 4:30:00 PM
From: wizzards wine	Respond to of 34810

Hi Space Cadet, regarding KEA...It's on a nice pattern but if you just bought it, you likely didn't get it on a pull back. RS is O's (meaning that the Relative Strength is underpreforming the general market) and the sector (Software is Bear Confirmed, as it had a pull back last month setting it up for a nice low Bull Confirmed when the sector reverses back up) KEA is in good shape until it gives a LOW of 30 for the day, which would be a DB (Double Bottom) and if it gives at low of 29 for the day that would be a DBS (Double Bottom Sell) or your Stop Loss as you cannot use RS reversing to O's as it is already there. Got to get "Point and Figure Charting by Tom Dorsey" and use that as your Bible!!! Amazon.com and many other book stores carry it, but it's getting more popular and many take some digging, but well worth the time and money!!! Hope that helps, and read, asking questions when you need. JMHO Later Preston ps Perhaps Jan will post it's chart for you. Lots of nice strong things out there.

To: space cadet who wrote (8840)	10/20/1998 4:37:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34810

Hi SC, Not a guru, but I played one on TV.... KEA has given a couple double top buy signals and looks like it found a bottom at $25. It pulled back today into a column of Os, which is no big deal unless it breaks $30 (your double bottom support). KEA is still in a risky area being below the bearish resistance line (BRL) and with a negative relative strength. Since you are already in the stock, maybe look at setting a stop loss at $29, but I doubt that it will trigger (in other words, I think you will be ok assuming the market behaves). Any of the true gurus, please feel free to add/correct. Tom EDIT: Looks like Wiz beat me to it....