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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (3716)6/15/1998 7:26:00 PM
From: FishbackJ  Read Replies (1) of 34811
 
Hi Jan,

At the risk of being forced into a "dream date" with Richard Bach, I'd like to ask you a question.....You said,

"6-12-98 Dow Jones Breaks a spread triple bottom at 8700 on its
Industrials chart. Next support in the 8150 area. Keep
in mind that we focus more on the NYSE Bullish
Percent to measure risk in the market, not the
Dow, but we wanted to let you know of this
breakdown."

Why is it that Chartcraft always uses the DJIA for RS calculations, while using the NYSE for the general market strength calculations ?

Thanks,

Dick
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