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

To: Tigress who wrote (11990)	12/25/1998 6:07:00 PM
From: chartseer	Read Replies (1) \| Respond to of 34811

Hi Tiger! Bruce is a morning person. If I may? QWST above BSL RS is a buy in a column of Xs and PnF is a buy. Go QWST GO! Then again I m no Bruce! Chartseer

To: Tigress who wrote (11990)	12/26/1998 7:27:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34811

Good morning, Tiger. Don't let Chartseer fool you. His modesty belies his all star p&f talents. He's taught me a lot, especially with his ability to discern whether a stock is topping or putting in a bottom. Like many veterans of the market, because he's seen stocks go down for extended periods, he's wary of the bear, and is always on the lookout for what can go wrong in the market to bring down his well thought out p&f analysis. We're blessed to have him here on this thread. To add a bit of my own analysis to QWST, The recent Triple Top buy signal at $46 is coming off of a well formed base and also, after a test BSL which is bullish. A bearish resistance line (brl) is at $55 and that's where I see the stock moving to with a healthy market. Take a look at the October chart action. A Bearish Signal Reversed turned into a Bullish Triangle. The BRL was broken at $34 and that was a great buy in point. It's amazing how those time tested bullish patterns repeat themselves when a stock is getting ready to move higher isn't it? There still looks to be good gains left in the stock and support is between $40 - $42. Thanks to you and Steve for tipping me off to QWST. I'm giving it serious consideration. Hope everyone had a very Merry Christmas! Your pal, Bruce