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

To: ViperChick Secret Agent 006.9 who wrote (12505)	1/10/1999 3:11:00 PM
From: Bwe	Respond to of 34808

Lisa, Thank you for the very kind words. NT is one I'm considering, but as of yet, haven't taken a position in. A stock that I've followed for quite some time, Kent Electronics (KNT) has been shaping up pretty nicely on it's p&f chart. KNT has been a most disappointing stock for well over a year, however, KNT is approaching a critical juncture. The stock gave a buy signal at $14 1/2 and is one box below it's Bearish Resistance Line, a downtrend line the stock has traded below since 10/97. The stock has not traded above this line since then. If the stock is able to move to $15 - $15 1/2, then that would put the stock in a very bullish Bearish Signal Reversed and would be very bullish for the near term prospects of the stock. Fundamentally, the company's earnings really took it on the chin this year, collapsing from $1.26 to an expected $.03 for March FY 99. Earnings are expected to rise to $.39 in FY 00. Management had been pretty good at timing their insider buys, however, the last spate of insider buying in late '97 turned out to be a poor signal. For the most part, management, particularly CEO Morrie Abramson, has done right by shareholders. KNT's worth a look once again, IMHO. Bruce

To: ViperChick Secret Agent 006.9 who wrote (12505)	1/10/1999 3:35:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34808

Lisa, EGGS - Don't know what a cup-n-handle formation looks like, so can't help you there. EGGS reports on Jan 19th and from what I hear they are expected to do ok. So I would expect things to happen (if they are going to) in the next 9 trading days. This, of course, assumes that we don't have a little short term correction this week. EGGS hasn't been enjoying the same move in the market as the other internuts and I am expecting the market to start looking for some more of the underperforming secondary and tertiary level nuts. JXM

To: ViperChick Secret Agent 006.9 who wrote (12505)	1/11/1999 8:34:00 AM
From: chartseer	Respond to of 34808

Hi Lisa! A cup and handle chart pattern is when a stock sells off sharply, bottoms out, moves up sharply then retraces 1/3 to 1/2,, moves sideways for a bit then moves up and challenges the previous tops( an extended triple top break out). Similar to an inverse head and shoulders without the left shoulder. Can t think of any at the moment. Realize illustration is better than words, If I come across any in the future will post it. Still just trying to stay ahead of the curve, Chartseer

To: ViperChick Secret Agent 006.9 who wrote (12505)	1/11/1999 11:30:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 34808

Lisa: This is a cup and handle formation for TAVA: iqc.com Eggs has somewhat of a reverse head and shoulders pattern... iqc.com It looks similar to a cup and handle when viewed on the weekly chart... The cup and handle has a more lateral bottom: \ /--/ \ / \ / \_ _ _ _ _/ The reverse head and shoulders looks a little like a V or U with shoulders: Left Right Shoulder Shoulder _ _ _ _ _ _ \ / \ / \ / \ / \/ Jim