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

To: Judy who wrote (11237)	12/10/1998 5:28:00 AM
From: Bwe	Respond to of 34816

Judy, I'll update Chartcraft's market outlook tomorrow. With regard to AMAT. I enjoyed the link to the research report. AMAT's vertical count po remain $64. The revised trend lines are important support for the stock. ITUL at $41 is most important. STUL at $40. Next sell at $41 would actually be a good BUY signal. A venerable p&f axiom that says the first sell in a new uptrend for a stock is bullish. The official BSL at $31 is too far away to be useful at present, however, this support line is the one we look toward, along with the stock's RS (S+ just added a couple of new X's this week showing continued outperformance vs the Dow) in order to determine AMAT's main trend, which is bullish. Your truly, Bruce