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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (22268)7/9/1999 2:08:00 AM
From: Ms. X  Read Replies (2) of 34812
 
Comparison of DJIA charts.
Last year and this year look almost identical. Of course, there are
differnces in the indicators and bell curve - but it is interesting.

DJIA July, 1998
The DJIA rallies after creating a base in May and June.

9350 ------------------------------------------X
9300| X
9250| ------------------5 <---May---------------X
9200| X X O X X X
9150| X O X O X O X O 7 <--July
9100| X O X O X O X O X X
9050| X X O X O X O X O X O X
9000| ----------X O X O X O --O --O X --X O ----X
8950| X 4 O X O X O X O X O X
8900| X O X O O X O X O X O X
8850| ------X O X ----O ----------O X O X O X --X
8800| X O X June -->6 X O X O X
8750| ------X O ----------------------O --O X O
8700| X O X O
8650| X O X
8600| 3 O
8550| X
8500| ------X ----------------------------------------
8450| X
8400| X

DJIA currently - July, 1999
The chart has rallied since basing in May through June.

11200 X
11150 X
11100 X X X
11050 X O X O 7 <--July
11000---- 5 <--May--------------------X
10950 X O X O X O X
10900 X O X O X O X X X
10850 X O X O O X O X O X X
10800 X O O X O X O X O X
10750-X --X --------O --O ----X O X O X
10700 X O X O X X O X O X
10650 X O X O X O X O X O X
10600 X O X June --->6 O X O X
10550 X O X O O X O X O X
10500-X O X ----------------O X O X O
10450 X O X O O
10400 X O X
10350 X O
10300 X
10250-X

Here is what the DJIA did in 1998

9350 ------------------------------------------X *
9300| X O *
9250| ------------------5 ----------------------X O --*
9200| X X O X X X O *
9150| X O X O X O X O 7 <--July
9100| X O X O X O X O X X O *
9050| X X O X O X O X O X O X O *
9000| ----------X O X O X O --O --O X --X O ----X O X ----------*
8950| X 4 O X O X O X O X O X O X O *
8900| X O X O O X O X O X O X O X O *
8850| ------X O X ----O ----------O X O X O X --X O --O --------------*
8800| X O X O 6 X O X O X 8 <--August *
8750| ------X O ----------------------O --O X O X ----O --------X --------*
8700| X O X O O X X O *
8650| X O X O X O X O X *
8600| 3 O O X O X X O X O *
8550| X O X O X O X O X O *
8500| ------X ----------------------------------------O X O X O X O X O ------------*
8450| X O X O X O X O X O *
8400| X O O X O O X O *
8350| ------X --------------------------------------* ----O ------O --O ------------------*
8300| X *
O O *
8250| ------X ----------------------------------* --------------------O ---------

Of course this chart continued to decline all the way down to 7450
in September before it based and then started to rally in October.
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