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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (3447)	6/7/1998 12:21:00 PM
From: wizzards wine	Read Replies (3) of 34811

To All PLEASE READ!!, a responce from Tom to one of my Questions!!! Regarding Fridays market action!!!! I was reading Preston who was wondering if todays market will effect the buy signals on the bullish percents. Answer is probably not at all. Many of the stocks were in tails down and reversals on the charts are not a buy signal. It's interesting to see that the action wasn't that strong in the Dow, it's just the multiplier that causes the Dow to go up so much. It's even possible we go to a new high on the Dow but will probably not even get near any reversals in the bullish percents. The percent of 10, our daily, did reverse up so the short term rally we discussed is probably in action but it ain't' the new dawn. T Just wanted to pass this along as tom has been a great help to us all. Later Preston

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