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Strategies & Market Trends : Point and Figure Charting

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To: the options strategist who wrote (3573)	6/11/1998 10:16:00 PM
From: Smooth Drive	Read Replies (2) of 34810

Fellow P&F timers, As most of you know, the Bullish % Index reversed to Bear Alert on 5/13/98. Reversals had already occurred in the 10 Week , Hilo and Option. So, this time I decided to try a little something on the extra defensive side, and did the following: 1) In firm retirement accounts I started transferring all my stock mutual funds (primarily index) to their respective money markets. 2) In IRA's I took profits, sold calls and tightened stops; and 3) In open (taxable) accounts I took some profits, sold calls and tightened stops. Bottom line - I'm more cash and bonds now than I can ever remember. How are the major Indexes doing since 5/13/98? INDEX---5/13/98------6/11/98-----Gain/(Loss) DOW-----9211.84-----8811.77-----(4.34%) S&P------1118.86-----1094.58-----(2.17%) NAZ------1866.18-----1749.75-----(6.24%) I'm going to let the charts tell me when to get back on the field. I don't feel like I've lost a thing so far. This lull has given me the opportunity to do some TA studying. (Pumped up today - received TechniFilter in the mail!) Would be interested to hear from any others who may have taken some defensive moves via P&F related charts. What'd you do? What indicators are you going to use to get back in? In what order? Drop me a private line if not comfortable discussing on open thread. (NOTE: What I did is not investment advice. This is what I'm doing as an on going personal financial experiment and I'm not recommending it to anyone. Do your own homework, analysis and DD.) Take care, Eric

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