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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (24096)	10/20/1999 10:57:00 PM
From: Ms. X	Read Replies (5) of 34811

Just remember the indicators are forward looking. Don't count them out. They had this in mind months ago when they reversed down and when they reverse up they will be seeing what is ahead. Last year absolutely nobody believed me when I said it was time to buy. Everyone thought the market looked horrible and it was heading even more South even with the indicators reversing up. Well, Tommy agreed with me but it was hard for people to realize because things were so painful and the news was full of that Asian business. It was true then that the NYSE BP knew what it was doing. I'm not calling the time yet, but let's just watch and see what the NYSE BP is going to tell us in the following weeks. We always follow that one as technical analysts. It hasn't shown us wrong yet. Personally I'm thrilled it is down so low. If it got to the teens again I'd have to pinch myself and ask if it was really true. Having two exceptional buying opportunities in two years running!? Sheesh. I'm poised either way. Edit: I just looked at the internal numbers. Which, are more of an interest than anything else as the charts y'all see are the final word but, they do go into the count. The NYSE BP was down a small smidge but the OPTI was up. Again, this doesn't change at all the picture just conversation info.

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