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

To: Peter V who wrote (19586)	5/5/1999 9:32:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

The correct answer is behind door number one. I think what happened is that Nancette (sp?) saw the double bottom break by watching the price action today. Sam saw the chart as it had printed yesterday. ASTN did break a double bottom today but let me give you more details. This was the first sell signal in the uptrend. We find that first sell signals are often false. The stock did reverse its RS into X's today which is suggests the stock will start to outperform the market. If one owned ASTN I wouldn't consider this a panic signal especially with the RS in X's and the sector being so good. I'd hold ASTN here. If wanting to buy ASTN, I'd wait for a three box reversal up to make sure the stock isn't sliding down further. Hope that helped, Jan I am