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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (23005)	8/11/1999 5:05:00 PM
From: James Strauss	Read Replies (1) of 34811

Jan: New Lows greater than New Highs by a 6:1 margin... quote.yahoo.com Just as we are looking for capitulation on large volume to the downside to set in a bottom, we are also looking for an explosive upside move on > one billion volume... We didn't get that today... If the S&P 500 can close above the 13 day MA in the 1320 to 1325 area along with a reduction of New Lows closer to the 40 area, we might have that bottom... timely.com Jim

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