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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (3716)6/15/1998 6:05:00 PM
From: Ms. X  Read Replies (2) of 34811
 
NYSE BP
Last reading on the "Big Coach" was 54.2 and after this weeks activities,
I'm sure it has declined more. In fact, I know it has but to what percent,
I'm not sure. We are getting close to Bear Confirmed Status. This would be
a sell signal on the chart coming from up above the 70% level. The signal
is at 48. Significant? Yes. We just keep doing what we have been doing.
SuperDow noted in '87 we went Bear Confirmed at 48 as well and then all
Hell broke loose. If we do this time, we don't know what will happen but
as you all know, we take these things seriously. Thursday is when the
indicators are updated however, if BearConfirmed is reached before then,
we will let you know immediately. As always, eyes open, chin up and hang on!

86 +- +-+- +- +- +- +- +- +- +- +-
84 | | | | | | | | | | |
82 | | | | | | | | | | |
80 --| ------| | ----| --| --| --| ------| --| --| ------------| -----
78 | | | | | | | | | | |
76 | | | | | | | | | | 8 A |
74 | 9 | | | | | | | | 7 O X O |
72 X 8 O | | | | | | | X O X O | X
70 --3 O ----7 O ----X --| --| --| ------| --| --| --X 9 --O --| X O ----------
68 X O 6 A 3 O | 2 | | | | X O | X O
66 X 5 5 O X O 2 X O 2 | 5 | 6 O | 3 5
64 X O 7 3 O X 5 X O 1 O 1 O | X O 1 X O | X O
62 X O X O X O X O X O C 4 X O 8 X O C O X O | X O
60 --X O X O 2 O ----X 6 X 4 X O X 3 ----7 O 2 7 B O X ----O X | X O ----------
58 X O 8 X O X O X O X C | O X O X O A 4 5 O C O X 6
56 X O 1 O X 8 X O X | O 6 A X O X O X O X O 2 O
54 2 O X O X A 1 O B | O X B | O 9 O X O X O X O
52 X B X O X X B X 6 X | 4 5 | O 8 O O 1 X ?
50 --X ----O | B 6 O X O X O X --| O 9 --X --| O X ------------O --?-----------
48 X | 1 X O X C X O | | O X O 4 | O X | ?<--Bear Confirmed
46 X | O 5 8 2 O | | | O X O X | O | |
44 X | O 3 O X | | | O 8 B X | | |
42 1 | O X O 1 | | | O X O 3 | | |
40 --X ------| O X O X --| --| --| O X O 2 --| --| ------------| --------------
38 X | 2 O X | | | 5 O X | | |
36 X | | O X | | | C X | | |
34 X | | O C | | | O | | | |
32 X | | O X | | | | | | |
30 --X ------| | --O X --| --| --| ------| --| --| ------------| --------------
28 X | | O X | | | | | | |
26 O X | | O X | | | | | | |
24 O X | | O B | | | | | | |
22 C X | | O X | | | | | | |
20 O | ------| | --9 X --| --| --| ------| --| --| ------------| --------------
18 | | | O | | | | | | | |
16 | | | | | | | | | | |
14 | | | | | | | | | | |
12 | | | | | | | | | | |
10 --| ------| | ----| --| --| --| ------| --| --| ------------| --------------
8 | | | | | | | | | | |
6 | | | | | | | | | | |
4 | | | | | | | | | | |
2 | | | | | | | | | | |
0 --+-------+-+-----+---+---+---+-------+---+---+-------------+---------------
8 | 8 8 8 8 9 9 | 9 | 9 | 9 | 9 9 | 9 | 9 | 9 9 | 9
7 +-8 8 9 +-0 0 +-1 +-2 +-3 +-4 4 +-5 +-6 +-7 7 +-8
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