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

To: james ball who wrote (10243)	11/26/1998 10:54:00 AM
From: HighTech	Respond to of 34810

The P&F Posse "Who are those guys?" (Butch and Sundance) HiTech

To: james ball who wrote (10243)	11/27/1998 8:14:00 AM
From: Bwe	Respond to of 34810

Thanks for the nice sentiment, Tom. I hope you had a wonderful Thanksgiving holiday and my best wishes for a healthy, happy holiday season. I've written about both Carnival Cruise (CCL) and Royal Caribbean (RCL) Cruise Line before on this thread and I still like 'em both very much. CCL had a spread Triple Top buy signal at $34. The current price objective is $67. A Bullish Resistance Line (brl) is at $37 and that will likely cause a brief hiccup. Next brl is at $46 for next resistance. Also, the July $42 high will likely cause buyers at that price left holding the bag, to sell to get out even. CCl's rival, Royal Caribbean, has just given a Double Top buy signal at $30. RCL is lagging behind CCL with regard to making positive strides on it's p&f chart, however, RCL, too, has a good looking p&f chart. The buy signal RCL gave on Wednesday, also broke the Bearish Resistance Line (BRL) which the stock had traded below since it's July $43 high. Like when CCL broke it's BRL, RCL's BRL break has bullish implications. In addition, RCL is close to reversing up once again on it's Relative Strength chart. This is something CCL has already done in early November. The price objective for RCL is $56. Both stocks look like a good place to be in a strong market with the threat of recession seemingly taken care of by the Fed. Keep in touch. Bruce