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<DIV><BR><FONT size=2>Regards,<BR>Ton Maas<BR><A
href="mailto:ms-irb@xxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxx</A><BR>Dismiss the
".nospam" bit (including the dot) when replying.</FONT></DIV>
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<DIV>Check out the latest PatternSmasher setup!<BR><BR><A
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Kasanjian Research:<BR><BR>Email: <A
href="mailto:info@xxxxxxxxxxxxxxxxxxxxx";>info@xxxxxxxxxxxxxxxxxxxxx</A><BR>Web:
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337-8388<BR><BR>Mail:<BR>Kasanjian Research<BR>PO Box 4608<BR>Blue Jay, CA
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<H3>Tuesday August 3, 1999</H3></TD></TR>
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<H4>Other Setups:</H4>
<P><A
href="http://www.kasanjianresearch.com/setups/4.28.99/Default.htm";>April
28, 1999</A><BR><A
href="http://www.kasanjianresearch.com/setups/4.29.99/Default.htm";>April
29, 1999</A><BR><A
href="http://www.kasanjianresearch.com/setups/5.12.99/Default.htm";>May
12, 1999</A><BR><A
href="http://www.kasanjianresearch.com/setups/5.26.99/Default.htm";>May
26, 1999</A><BR><A
href="http://www.kasanjianresearch.com/setups/6.14.99/Default.htm";>June
14, 1999</A><BR><A
href="http://www.kasanjianresearch.com/setups/6.29.99/Default.htm";>June
29, 1999</A><BR>August 3, 1999</P>
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<BLOCKQUOTE>
<P class=MsoNormal> We have had many comments from
customers telling us that PatternSmasher is making them into
better chart readers. Using PatternBots to look for various
configurations certainly forces one to focus on formations that
would have otherwise gone unnoticed. Learning the skill of
chart reading is certainly a positive side benefit of using
PS. Here is an interesting chart of <A
href="http://www.kasanjianresearch.com/setups/8.3.99/jci.jpg";>Johnson
Controls (JCI)</A> I have been watching for a while now. The
gap up on July 15 is what first got my attention. It has
shown up on several scans of small PatternBots since that
time. It is the combination of many formations that is
important. For example, in this context the outside-up bar of
yesterday is important but it would not be if it were just an
isolated case.</P>
<P class=MsoNormal> With <A
href="http://www.kasanjianresearch.com/setups/8.3.99/jci.jpg";>JCI</A>,
the gap was the first sign that there are some eager buyers.
The rally from June 22 also shows that the buyers are very anxious
to own the stock. Take a look at how persistent it is.
There was a 10 bar stretch without the prior days low being
violated. Including the gap bar, there are 3 bars above
70. Then there were 3 down days on the 7/20 – 7/22 as the
market got hit pretty hard. Was this a chance for the buyers
to accumulate some more? Notice how last week it held above
the prior weeks low while the market averages pushed lower.
Look at how the volume has picked up the last three days.
How there is support at the 68-½ level. Yesterday was a key
day because it opened lower and closed higher, the opposite of
what most stocks did. It was also outside of the previous 3
bars on even more volume. This single bar took out the low
of the prior week and matched the high. The last two weeks
are inside of the midweek gap. This stock is acting well and the
fun part is that we all get to see what happens. We don’t
have the benefit of hindsight here. Certainly if 68 is taken
out all bets are off.</P></BLOCKQUOTE>
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