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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Jeff Jordan who wrote (1949)	4/16/2001 7:31:41 AM
From: Jerry Olson	Read Replies (1) of 5893

here's DWA sector bell curve chart...it's very oversold.. From the Analyst 04/12/2001 Choose an Archived Report Current Sector Bell Curve -------------------------------------------------------------------------------- This week we saw strength from the sector bullish percent charts. There were only three sectors falling on their charts this week. They were Buildings, Finance and Gas Utilities. The strength came in the technology sectors with reversals to the upside from oversold levels coming from Computers (24%), Electronics(36%), Semiconductors (30%), Software (26%) and Telephone (24%). Also reversing up was Aerospace (34%), Forest Paper (30%)Metals Non-Ferrous (46%), Oil service (44%) and Wall Street (32%). The Drug and Biotech sectors saw strength this past week with Drugs moving from 38% to 52% and Biotech moving from 26% to 42%. There are now a number of sectors that have reversed up with goods field position to consider. See the list below of those that are in Xs and below 50%. There is only one sector within 1% of a reversal, Insurance, which is .8% away from reversing up to 52% and Bear Correction status. April 10, 2001 Average Level is 41.1 \| \| Tran \| text reta \| stee prot \| TELE prec leis OILS WAST SOFT WALL heal HOUS META rest medi SEMI ELEC fina insu game mach COMP lati busi BIOM chem food REAL SAVI inet euro asia FORE AERO auto buil DRUG oil EUTI bank guti . 0-14%16-20% 22-26% 28-32% 34-36%38-42% 44-46% 48-52% 54-56%58-62% 64-66% 68-72% 74-78%80-86% 88-100% Sectors At or Below 50% and in a Column of X's on Their Bullish Percent Charts: Aerospace (35.5%) -- Bull Alert Biomedics (42.7%) -- Bull Confirmed Computers (24.5%) -- Bull Confirmed Electronics (36.0%) -- Bull Confirmed Forest/Paper Prd (31.1%) -- Bull Confirmed Household Goods (37.8%) - Bull Alert Metals (46.5%) -- Bull Confirmed Oil Service (44.7%) -- Bear Correction Semiconductors (30.0%) -- Bull Alert Software (27.3%) - Bull Confirmed Telephones (24.0%) - Bull Confirmed Wall Street (32.6%) - Bull Confirmed Waste Management (48.1%) - Bull Confirmed Sectors Below 30% and in a Column of O's (watch for a reversal up): Asia (23.6%) -- Bear Confirmed Europe (16.7%) -- Bear Confirmed Internet (13.4%) - Bull Correction Machinery/Tools (24.2%) -- Bear Confirmed Media (27.0%) -- Bear Confirmed -------------------------------------------------------------------------------- While we make every effort to be free of errors in the data on our site, it is derived from data from other sources. We believe these sources to be reliable but we cannot guarantee their accuracy. Copyright © 1995-2001 Dorsey, Wright & Associates, Inc. Disclaimer/Terms of Use/Copyright.

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