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

To: Ditchdigger who wrote (19723)	5/8/1999 4:51:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Hi DD...FLC you say...Well with RS on a Sell in O's and below the Bearish Resistance line at 12.5....but wait, does it????Yes the DWA RS just flipped to X's....... And I thought there was no hope :-) That flip of the DWA RS is a small ray of hope, but it must break through that 12.5 BRL!!!! Some other strong Oil service issues are GLM, SLB, and HAL among others.... The sector usually flips back down about 80ish...I'd be watching that DWA RS and when it flips back to O's, I'd be taking any profits...Especially if any of the other indicators start to turn down... Other that holding for years, what was your plan when you bought it??? Hope that helped, Later Preston

To: Ditchdigger who wrote (19723)	5/9/1999 11:49:00 AM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Sectors can stay above the 70% level for some time, same with the market indicators. You never really know how long until they reverse down. If a sector is high you want to pay special attention to your stocks and the RS. I have found that stocks seem to make the greatest advances when the sector is in the over bought area. This may not always be true but it is something to watch. Don't sell your stocks until the chart gives you a reason to or the sector turns negative. If you see they are starting to break down, pay close attention to RS, momentum for both the stock and the sector. Decide stop loss etc. The momentum chart for Oils (MOOILS) is in X's but down on the week. The BP for OILS is up on the week. The RS is even on the week. No real big change at this time. Jan I am