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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (21039)	6/10/1999 1:46:00 PM
From: James Strauss	Read Replies (1) of 34812

Dow Support... OJ: I have an intermediate term trendline in the 10,430 area... So, we have about 110 points of sweating room... : > After that, it could be 10,000... Today, the Bank of England reduced interest rates, yet the FTSE was down 49 points... That's not supposed to happen... : > They're watching us and we're watching them... A 1/4 point rate hike is already priced into the market, and it may not happen this time around... Peace in Kosovo will mean big reconstruction expenditures which are good for business... Let's see if the market recognizes this... So far it hasn't... The market is always right... : > Jim

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