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

To: advinfo who wrote (20195)	5/20/1999 6:54:00 PM
From: Nanchate	Respond to of 34811

The beauty of P&F is that it takes out emotion and even objective opinion and simply states the facts. ASTN printed $13 breaking a triple top. This is very bullish and the sellers at 7/8 and 15/16 would tell me those were folks who were unaware of the breakout. If ASTN hadn't printed $13 and those sells were prior to a print of $13 I would call those sells smart as the resistance was not yet broken. ASTN may have seemed weak to some, but in fact the breakout, both in the face of the selloff on the Nasdaq as well as the fact that ASTN closed at its historic all-time high, bodes as a strong vote of confidence for what P&F reveals. Nanchate