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

To: Smooth Drive who wrote (12093)	12/30/1998 10:02:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34809

Big E, Thanks so much for that great CCL chart you posted last evening. I'm very high on Sterling Commerce (SE) which I've also written about recently. SE just gave a Triple Top buy signal on it's chart at $40. The price objective is $66 and counting (incomplete vertical count). Before the stock gave a Bear Trap of sorts (the stock broke a double bottom by one box at $33, but was able to hold at $33, a price at which the stock bottomed in November) at $33, the stock had a po of $69. SE recently broke it's Bearish Resistance Line (BRL) at $37 to break the downtrend that the stock's been in for all intents and purposes since the March $50 high. RS on a sell but in an uptrend (turned up into X's in November), and the stock is currently outperforming the Dow and odds are it should continue to do so. First trendline resistance by way of a Bullish Resistance Line (brl) is at $48. Next brl is at $53,and another brl is at $60. SE looks very good for the rest of '98 and as a stock with bright prospects for '99. Thanks Steve! Bruce

To: Smooth Drive who wrote (12093)	12/30/1998 10:03:00 AM
From: chartseer	Read Replies (1) \| Respond to of 34809

Hello Bruce! SE hit 46 just now. Think people are waking up to an under valued internet play??? Happy trading ! Chartseer

To: Smooth Drive who wrote (12093)	12/31/1998 8:04:00 PM
From: okelly	Read Replies (2) \| Respond to of 34809

Eric, Have a happy and prosperous New Year,and want to wish everyone on this thread the same. Everyone on here deserves recognition for having the most valuable and sane thread on ANY board. Wish you all well. okelly

To: Smooth Drive who wrote (12093)	1/2/1999 11:31:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34809

Happy New Year to one and all. My fondest wishes for good health and god's blessings for each and every reader and contributor to the best message board anywhere. I did some work p&f work on Halliburton (HAL) this morning and I repost my work here for those with an interest in the oil patch. HAL is having a difficult time staying above it's "unofficial" Bullish Support Line (BSL), now at $30. The stock has been able to stay above this important trendline since October, but is struggling to do so now. To break the short-term downtrend from the July $45 high, HAL needs to move to $35. This would give the stock a bullish Triple Top buy signal and would break the Revised Bearish Resistance Line (RBRL) in the process. The stock's primary resistance line, the Bearish Resistance Line, the chart's "official" trendline, drawn from the May $57 high, is now at $40. This BRL has remained unchallenged since it's inception and a break of the RBRL would go a long way toward reversing the stock's downtrend. The current downside objective for HAL is $23 and would be a worst case scenario. Further support by way of a Bearish Support Line (bsl) is at $26. The way I see it, the key to the stock's short term trend is it's ability to break the RBRL, and hold above the BSL. Important MA's: 10 week MA: $32.77 30 wk MA: $34.28 As you can see from the MA's, HAL's ability to make it to $35 is of major importance. Take care, Bruce