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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 (12558)1/11/1999 12:39:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
I couldn't resist...

One day in the Garden of Eden, Eve calls out to God, "Lord, I have a problem!"

"What's the problem, Eve?"

"Lord, I know you've created me and have provided this beautiful garden and all of these wonderful animals, and that hilarious comedy snake, but I'm just not happy."

"Why is that, Eve?" came the reply from above.

"Lord, I am lonely. And I'm sick to death of apples."

"Well, Eve, in that case, I have a solution. I shall create a man for you."

"What's a 'man', Lord?"

"This man will be a flawed creature, with aggressive tendencies, an enormous ego and an inability to empathize or listen to you properly. All in all, he'll give you a hard time. But, he'll be bigger and faster and more muscular than you. He'll be really good at fighting and kicking a ball about and hunting fleet-footed ruminants, and not altogether bad in the sack."

"Sounds great," says Eve, with an ironically raised eyebrow.

"Yeah, well. He's better than a poke in the eye with a burnt stick. But, you can have him on one condition."

"What's that, Lord?"

"You'll have to let him believe that I made him first."



To: ViperChick Secret Agent 006.9 who wrote (12558)1/11/1999 1:19:00 PM
From: Bwe  Read Replies (1) | Respond to of 34811
 
Good afternoon, Lisa. Not much trendline support for NT at these levels. The broken Bullish Resistance Line (brl) at $52 could provide minor support. A Short Term Uptrend Line (STUL) at $46 is the next supportive trendline. The "official" BSL is at $30. Watch $51 as that would be a High Pole for the stock and could indicate a possible move toward $45. Just something to keep an eye on.
As it stands now, DIS has broken it's BRL at $34 with a second Double Top buy signal. brl is at $38 and the po is $53. DIS has not given two consecutive p&f buy signals since December 1997'sTriple Top buy at $30 and the April '98 Catapult at $39. The HPT that followed those buy signals in May has turned out to be the top in the stock that has lasted to this day. The BRL that was broken today was drawn above the July, $40 high. By the way, Lisa, a broken brl served as recent support for DIS' recent retreat that stopped at $30.

Take care,
Bruce