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

To: steve wong who wrote (17421)	4/11/1999 6:36:00 PM
From: wizzards wine	Respond to of 34809

Hi Steve...CYCH is RS in O's, also broke a TT in mid Feb at 15.5 ran to 17.5 only to finally break a Triple Bottom at 13.5 at the end of March... If the Optionable Bullish reverses back up, I might play an RS in O's...or one might look for the pull back to play this TTB, but the closest stop is down at 12.5 Not a good risk to reward ratio....I'd avoid for now...but that me!!! DELL is on a buy signal, RS still in X's and on a pull back...With CPQ warning...I'd look to see what happens on Monday and then make a plan...again, the current stop is 35 so until it reverses back up the risk/reward is POOR... The Model??? Yes we are in early April and it showed a DOW 10,600 back in Nov 98 in mid to late April 99...with a decline there after... One of the things that this model has been used for was buying and selling the DOW....thus it's worked very well if one is buying Diamonds...BUT IT IS NOT representative of the overall market as P&F is!!!!! These guys have made a bundle buying and selling the DOW on a daily basis, BUT they do not buy individual stocks... Have to go now... Later Preston