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Strategies & Market Trends : Point and Figure Charting
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To: Challo Jeregy who wrote (5649)8/10/1998 5:29:00 PM
From: Ms. X   of 34816
 
Hi Challo,
Tom said that the NYSE BP was at 38%, not yet at the 30% level which he was talking about at that time. He said it could go lower but doesn't know if it will. The lowest was in 1990 when it hit 18%. The 30% is oversold territory and a reversal up from there is Bull Alert and great "field advantage".

We never know we have a bottom until we get the reversal up. Hang tight!
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