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Strategies & Market Trends : Point and Figure Charting
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To: Lucretius who wrote (2811)5/5/1998 8:49:00 PM
From: Ms. X  Read Replies (3) of 34811
 
BKX - P&F style :-)

The RS compared to the SPX has reversed down and the momentum has turned negative.
The banking sector is very close to reversing down too.
The bond indicators are still suggesting higher interest rates.
All in all, not looking good for the 'ole banks.

925 ------------------------------------------------------------------
920
915
910 X
905 X O
900 --------------------------------------------------------X O ------
895 X X O
890 X O X O
885 X O X O X <--Lower top
880 X O X O 5 O
875 ----------------------------------------------------X O X O X O --
870 X O O X O
865 X X O X O
860 X O X O X O <--Just reversed down to here.
855 X O X X O X
850 --------------------------------------------X O X O X ----O X -Med
845 X O X O X O X
840 X O X 4 O X
835 | X O X O <--Last signal.
830 | X O A spread double bottom break.
825 ------------------------------------+-------X ----------------(2nd sell signal)----
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