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Strategies & Market Trends : Point and Figure Charting

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To: chartseer who wrote (25135)1/22/2001 3:05:45 AM
From: Jorj X Mckie   of 34822
 
Chartseer,
I agree with your assessment of the DJIA. Though it looks like a sideways trending market on the 50pt chart, if you look at bigger box sizes, it does look like a big ole rounding top. stockcharts.com
I think that the next correction in the dow will be caused by the move back into tech with lower interest rates.

I don't think that the DJIA is safe until it either corrects or breaks 11400 decisively.
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