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

To: chartseer who wrote (11544)	12/15/1998 6:39:00 PM
From: Judy	Read Replies (1) \| Respond to of 34811

Chartseer, Certain stocks will continue strong and make new highs while the market can selloff and the overall indices meander. You reversed course on IBM when all of SI was screaming it was a short 40 points ago, so I have faith that you can read what the data is presenting inspite of any bias. Take care.

To: chartseer who wrote (11544)	12/16/1998 5:49:00 AM
From: Bwe	Read Replies (2) \| Respond to of 34811

After updating GE's chart, I'm a bit more bullish on the stock's short term prospects than our learned friend, Chartseer. GE was able to hold it's November bottom at $87 for a bullish sign. The subsequent reversal and buy signal at $92 reinforced the bullish action. The stock's right on a very short term bullish resistance line (brl), however, the brl drawn from the September '98 base, now at $97, has been THE guide to GE's upper end of it's trading range since it was first drawn. I believe that's where GE is headed in the short term. If the market is going to move higher, then GE, IMHO is going to be one of the stocks that takes it there. Incomplete vertical po now at $105. Another brl at $112. Support at $88, a bsl at $80, and a Revised BSL at $75. The RS is bullish and GE's RS calculation has now moved above it's September high for another positive. JMHO, Bruce