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

To: Hardline who wrote (13694)	2/8/1999 7:28:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34809

Anyone gawking at the interest rate sensitive arena - thinking some stocks might move to the downside - and thinking they might want to have a little fun with it... naturally... have noticed WB, PNC, STI, MEL, MDY, PHM and HI they also... would have noticed that CCR and BAC on rallies might be yummy.

To: Hardline who wrote (13694)	2/9/1999 8:39:00 AM
From: james ball	Respond to of 34809

Yes Hardline, I changed it to fit my feelings on counts to be the first breakout. I wanted a stocks to clearly suggest demand was in control by giving the buy signal and them count that column that had the power to give the signal that put demand in control. I almost never use the count however because once your foot is in the stirrup on a stock you must manage the position and the count goes out the window. The is primarily used for risk reward when initiating a position so you know you at least have 2 to 1 risk/reward starting out of the box. It is interesting however, how the count can be so accurate. Mike Burk's way is just as good, it all gets you in the ball park. Tom