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

To: Ditchdigger who wrote (15079)	3/6/1999 12:35:00 AM
From: chartseer	Read Replies (2) \| Respond to of 34811

NOVL: Sold my NOVL last week. If I had not sold my NOVL last week I would sell first thing Monday morning since it is on cover of Barrons. This has got to be the kiss of death for NOVL. They should have featured NOVL on their cover last FEB when I posted it on SI. It has since doubled from 9 1/4 to 20 1/8. Remember my big W recommendation? Analyst say not this year but next year NOVL may earn .75. Then again what the heck do I know? Chartseer

To: Ditchdigger who wrote (15079)	3/6/1999 12:06:00 PM
From: freelyhovering	Respond to of 34811

MTC: Buy some Superaspirin(Celebra) and hold. Myron

To: Ditchdigger who wrote (15079)	3/6/1999 1:24:00 PM
From: Bwe	Read Replies (2) \| Respond to of 34811

Hi DD. A few thoughts on MTC. The stock is coming off a Bear Trap at $44 which is bullish. The Bear Trap foreshadowed the TT Buy signal at $49. The BRL was broken in February but the stock ran into a Bullish Resistance Line (brl) at $50. This brl is now at $56 and I view that as MTC's short term target. A move to $51 would further cement the bullish case. $43 would probably be a good stop as that would be a Bearish Catapult and a break of the BSL. $59 po on an incomplete vertical count off this buy signal. The stock is trading more on it's relationship to the Drug group (Bull Correction), than it's true group, Chemicals (Bear Confirmed). JMHO, Bruce