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

To: Ms. X who wrote (16701)	4/4/1999 7:30:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Selected oil and oil service stocks. Oil Service: HAL: RS in X's (just reversed), Momentum positive. 42 41 X Top 40 ------X O ------------ 39 * X O 38 * X 4 37 X * X O 36 X O X O <--Friday's reversal and good entry 35 --X O X -------------- 34 O X O 33 O X 32 O 3 * 31 O X * <--Stop point 30 O X * ---------------- 29 O * SLB: RS just reversed to X's, momentum positive. 62 X Nice higher tops and bottoms 61 X O 60 ---------------X --X O ---------- 59 X X O X 4 <--Friday's pullback 58 X O X O X 57 X O X O X 56 X O X O 55 -----------X O ------------------ 54 X <--Trade stop could be here but often 53 X X * stock touch the BSL and then bounce strait up. 52 O * X O X * <--Long term stop DO: RS just reversed to X's, momentum positive. 35-------------------* ------- 34 \| * X ? 33 X B \| X O ? 32 X O X O \| X O ? 31 O X O X O \| X O Wait for reversal back up to enter. 30 O ----X O --O ----\| --X ---Stop point to far down for a reasonable 29 O X O \| X entry point. 28 O X X O X X 27 O X O X O X O X 26 O X O X O X 1 O X 25 O 9 A X ----O X O X O X ---------- 24 O X O X O X O X O 3 23 O X O X O X O X O X 22 O X O X C O \| 2 X 21 O O \| O Oil Stocks. ARC: 75---------------------------\| ----X --? Top of a 22 box run from 54. 74 X \| X O ? 73 X O * \| X O ? 72 X O X X X * \| X 4 <--Friday's reversal. 71 X O X O X O X O * * \| X Wait for a reversal up as the 70 X A X O X O X O X * X * --\| ----X ----the stop point is too low for 69 X O X O X O X O X O X O * \| X a reasonable entry point. 68 X O O X O X O X O X O * X 67 X O O * B O X O X \| * X <--Broke BRL 66 X * O X C X O * X 65 X ------* --------O --O X O ----X ------------ 64 X * O X 1 X 63 * O O X X ELF: RS just reversed to X's, momentum positve. 72 71 X Top 70 ---------------X O ---------- 69 X X O 68 X O X O 67 X O X 4 66 X X O X O <--Excellent entry point. 65 ------X O X O -------------- 64 X O X 63* X O X 62 * X O 61 O * X <--Stop point. 60 O --* X -------------------- APC: RS just reversed to X's, momentum positive. 40 -----------X -------- Top 39 X 38 X X 37 X O X <--Wait for a pullback (trading at 37.31, almost a 36 X O X three box reversal - watch Monday) 35 ------X O X ------------ 34 * X O 33 * X 32 * X 31 O X 3 Med 30 O 2 O X --* ------------ 29 O X O X * 28 O X O * 27 O * Also check the charts of BRR and UCL.