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

To: Ms. X who wrote (9895)	11/18/1998 11:52:00 PM
From: Lyn Benson	Read Replies (1) \| Respond to of 34804

Jan, could you take a look at charts for KLAC and LSCC and help with a question about entry points? I have been following the breakout charts from Chartcraft and found them helpful. Both KLAC (at 29, with po of 42) and LSCC (also at 29, with po of 70) were highlighted as breakouts several weeks ago. Now the charts have developed some from those levels, with the semi sector at a riskier 70, with both above the BRL, r/s not in buy but improved to a S+, would you enter them as a trade now that they have reversed again into x's on their charts or wait for a more definite buy signal (KLAC to break a TTT@39 and LSCC to break a TT @37? Could the po on KLAC have been recalculated with the pullback to 25 based on the new column of 11 x's that formed 11 x 3 = 33 +25=58? Hope this is not too many questions! Thanks!