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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (1449)3/5/1998 2:27:00 PM
From: Ms. X  Read Replies (3) of 34811
 
To all: Where the indicators are (as of yesterday)

All of the indicators moved up this week. Here is there reading:

NYSE Bullish percent X 68.0 %
Option B.P. -- Bull Confirmed X 68.8 %
Stocks Above Their 10 Wk. M.A. X 72.9 %
High - Low Index X 93.8 %

The NYSE BP is getting closer to the 70% overbought area.
Right now is not the time to be chasing stocks.
Buy on pullbacks and fundamentally sound stocks. Don't over leverage.
Will update if today's action changes any of these readings.
Most notably, the Semi sector which at this reading was at 68%.

Sectors:

0-20% 21-40% 41-50% 51-60% 61-70% 71-80% 81-90% 90% +
LATN STEL WAST TRAN WALL SAVG UTIL
PREC HEAL OSRV TELE RETL BANK
BIOT TEXT PROT real
REST MACH MEDI
METL SOFT INSU
LEIS FRST gas
OILS BUIL
DRUG CHEM
GAME AERO
FOOD SEMI
ELEC HOUS
COMP FINL
BUSI
AUTO
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