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

To: Al Serrao who wrote (9481)	11/11/1998 8:05:00 PM
From: wizzards wine	Respond to of 34824

Hi Al, As far as IOM goes, I took another position at 7 today on the pullback... The "Click of Death" has been going around since Jan 98 and the filing of the lawsuit today, may have brought the stock down to the 7.0 entry... Long story short, they have no other business rivals that are traded...thus my target is 20ish unless the P&F changes... The P&F stop loss is way down at 3.5, far too low to be of use and thus I've set a 6.0 as the 40% retracement of the climb as the SL... JMHO Later Preston

To: Al Serrao who wrote (9481)	11/11/1998 8:58:00 PM
From: wizzards wine	Read Replies (6) \| Respond to of 34824

Al, Duke, Judy, Jan and Friends... Had a very interesting meeting last night. One of the persons was involved with market timing using Quantum Mechanics and their track record that I saw was quite interesting...I have decided to dedicate 7 to 10 days to review what I saw, and that will involve 2.5 hours a day drive time... This market model, hit the Oct crash, and the recovery to the day, 4 months in advance...kind of like P&F, but they had been trading Spiders and Diamonds since Feb 98 and had 180 trades to Oct 8... Up more than I could even dream of....Mega UP!!!!! The long and the short of this, is this model looks for the market to hit 10,600 in early 99, but that will rise about 2500 points to that level....Thus the DOW will need to go down to about 8,100 for this to happen.... Very volitale after April 99 with a real low of below 5000 by Jan 2000 The numbers that the model showed were lower by 60% at the 2000 turn around, but these are being updated daily...Very Poor outlook for later 99... The Liquidity crunch is in the works and coming forward from all corners of the world... the fed can only hold it back so long, with interset rate cuts, and don't expect another one until Jan or Feb 99... Not sure I believe all that I saw, but will look into it in MUCH FURTHER DETAIL!!! Later Wizzie