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

To: kevin sturgeon who wrote (20229)	5/21/1999 11:16:00 AM
From: james ball	Respond to of 34811

Kevin, I want you to go the the P&F chart and look on the left side where it says box size. click on 5 point box. This is the right size box for the volatility of the stock. Todays decline, I assume is directly due to expiration day, has taken the stock right down to the trend line. The trend line has not been violated yet and my guess is it will not be although the chart will tell the story. If you are not overleveraged in the stock then I would hold off any corrective action today and see what Monday brings. 125 would break the trend line and put the stock on death row. At that point you would have to determine when to execute it. It is one of the net stocks that I think will do well and would have no problem holding it in a package of these net stocks. If you are overleveraged in the stock then immidiately sell down to your sleeping level. Never overleverage in anything especially the net stocks. Tom

To: kevin sturgeon who wrote (20229)	5/21/1999 1:11:00 PM
From: Judy	Read Replies (1) \| Respond to of 34811

Kevin, whatever technical methods you employ to enhance trading or investing, it is important to confirm whether fundamentals have changed at key technical levels. ATHM's momentum went negative when it violated its 13-day ema at 149+ and flashed danger signals on violation of the 50-day ema at 142+. I think you may find that violation of the 50-day ema occurred with AOL announced going with dsl as its broadband strategy in direct competition with ATHM. The 125 level that Tom posted to you corresponds with the 100-day ema, which I use to screen for potential fundamental shorts.