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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (3376)	6/4/1998 11:52:00 AM
From: Bwe	Read Replies (1) of 34811

Just listened to today's Chartcraft Report and there was a lot of important information which I summarize below with my comments: All A/D lines below where they were 10 days ago.......Daily High/Low indexes still falling and bear confirmed approaching oversold levels but not there yet.....Transports bucked downtrend yesterday.....US dollar reversed down and today England raised interest rates. Possibility of Buying Climax and a High Pole Top in the dollar and a falling dollar would hurt stocks and bonds.....Looking for a 10-15% correction in Europe and the U.S......Pointed out some good insider buying in some energy stocks {Apache, Pioneer Natural Resources, Anadarko Pete, Triton Energy}.....Insider work positive until the end of June and bearish through the end of the year.....Worst insider ranking and selling in 5 years seen in Publishing, Recreation, and Newspapers {NY Times, Knight Ridder, Gannett, Scripps Howard}.....Insider selling noted in International Game Technology.....Delta Pine & Land had a bear trap reversal. On another note, the DWA web site's "From The Analyst" feature had a fun "Name That Pattern" exercise that presented two chart patterns and tested your ability to recognize the p&f chart pattern. Great fun. I see that INTC and lots of energy stocks are up nicely today. Take care, Bruce

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