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

To: papi riqui who wrote (14102)	2/17/1999 11:15:00 AM
From: Ms. X	Respond to of 34809

CPWR and CTXS - why were they good TA shorts. Compuware Corp CPWR Sector: SoftwareRisk: Bull Correction 48- Stock Mom: Neg RS = Buy, 07/15/97; column = Xs Trend Chart Bearish Catapult on 02/16/99 Alert!NegativeBreakout 82 \| 81 \| 80 ----------------------------------------+------------------------- 79 X \| 78 X O 77 X O 76 X O 75 --------------------------------------X 1 ----X --* -------------- 74 X O X X O X * 73 X O X O X O X O * 72 X O X O X O X O * 71 X O O X O X O * 70 --------------------------------------X \| --O X O X O ------* ---- 69 X X \| O O X O * <--Bearish Resistance Line Med 68 X O X \| O X O 2 67 X O X \| O X O X O X 66 X X O X \| O X O X O X O 65 --------------------------X O X --X O X \| ------O X O X O X O X <--Lower Top and entry to short. 64 * X O X O X O X \| O O X O X O X O 63 X * X O X O X O \| O O O X O 62 X X O * X O X O Triple bottom break--> O X O 61 X O X O * X O X \| O X O 60 --X O X O ----* ------X --X C ----------\| ----------------* O X O 59 O X O O * X O X Violation of Bllsh Spprt Lne> O O 58 O X O * B O X Recent double bottom break-->O 57 O X O * X O X \| * 56 O O X O X \| * 55 --------O --------X --X O X ------------\| ------* ---------------- 54 O X O X O \| * 53 O X X O X \| * 52 A X O X O X \| * 51 * O X O X O * 50 ----* --O X --X O --------------------* \| ------------------------ 49 * O X O X * \| Bot 110 ------------------------------+--------------------------------------- 108 \| * 106 \| X * 104 \| X O * 102 \| X O * 100 ------------------------------+-----X O ----* ------------------------ 99 \| X O * 98 \| X O * 97 X \| X O * 96 X O X X O * 95 ----------------------------X O X O X O --------X ----* -------------- 94 X X O X O X O X O * 93 X O X O X O X O X O X * 92 X O X 1 X O X O X X O X O * 91 X X O X O X O X O X O X O X O * <--Bearish Resistance Line 90 --------X ----------X O X O --O --O X O X O ----X O X O -------- Med 89 X O X O X \| O X O O X O X O 88 X O X X O X \| O X O X X O X O 87 X O X X O X O X \| O X O X O X 2 O 86 X O X O X O X O \| O X O X O X O X 85 --------X O X O X O X --------+---O ------O --O ------O X O ---------- 84 X X O X O X O X Spread Quad bottom break -->O X O X 83 X O X O X O X O X \| O X O X O 82 X O X O X O X O X \| O X O X O 81 X O C O O X \| O X O X O 80 ----X ------------O X --------+-----------------------O --O X O ------ 79 X O Violation and sell sig below BSL -->O X O 78 X \| * O O 77 X \| * O 76 X X \| * 75 X O X ------------------------+-------------* ------------------------

To: papi riqui who wrote (14102)	2/17/1999 11:32:00 AM
From: james ball	Read Replies (1) \| Respond to of 34809

Papi, what can you say. These guys on YHOO would probably not understand if you explained it to them. As you know the P&F takes some time to understand and most investors aren't interested in that. They think we are in some sort of conspiracy but that is ridiculous. It doesn't matter to us on a short if it is stock 102, or 456, or MSFT. We sell short and establish a stop point. We lowered our stop this morning to $66 on CPWR and $85 on the CTXS. It's that simple. If we are stopped out the trade is over. If not and the stock creates another buy signal lower we will lower the stop. It is amazing however how wired the world is now. Tom Dorsey