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

To: Bwe who wrote (8945)	10/24/1998 3:11:00 PM
From: Al Serrao	Read Replies (4) \| Respond to of 34808

Bruce, BEN put in a low pole in Sept and has since made a interesting bottom formation. Looks like after reporting less than expected earnings its having another pullback. Old Ben just keeps on producing 20%plus returns on equity year after year. I don't beleive anything has changed the long term growth prospects of this company. How does it look to you and what would be a good entry point?

To: Bwe who wrote (8945)	11/1/1998 7:49:00 AM
From: Bwe	Read Replies (2) \| Respond to of 34808

Coming on the heels of the recent upmove on ETH's RS chart, the stock gave a double top buy signal on Friday at $35. A Short Term Downtrend Line (STDL) is at $39 and the Bearish Resistance Line (BRL). The BRL, which is one of two keys used to determine the long term trend of a stock, is at $47. How the stock handles the STDL will provide a strong clue as to how it will handle the BRL. The bullish price objective is $54. The old Bullish Support Line (BSL) is also resistance at $45. 50 day MA: $33.99 (the break on Friday of the 50 day MA with a buy signal on it's p&f chart is bullish) 150 day MA: $44.64 200 day MA: $47.16 The Retailing Group is Bull confirmed at 38% and that means there's lot's of open field ahead for stocks in the group. Take care, Bruce