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Strategies & Market Trends : Point and Figure Charting
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To: Al Serrao who wrote (3735)6/15/1998 10:37:00 PM
From: Smooth Drive  Read Replies (1) of 34811
 
P&F Timers,

(UPDATE) of Message 4829076

INDEX---5/13/98------6/15/98-----Gain/(Loss)
DOW-----9211.84-----8627.93-----(6.34%)
S&P------1118.86-----1077.01-----(3.74%)
NAZ------1866.18-----1715.75-----(8.06%)

By yumpin yiminy Lena, these herea charts seem to bea workin!

With all the discussion of the bullish percent indexes, here for the new folks is the slow Norwegian definitions of their respective risk levels. (Note: Mr. D has previously reviewed and gave a thumbs up.)

BULL CONFIRMED: Occurs when a column of X's moves above the previous column of X's.

BULL CORRECTION: Occurs when a column of X's in Bull Confirmed risk status reverses down to a column of O's and 1) does not move below the previous column of O's, or 2) reverses down from above the 70% level but does not move to the 68% level or lower.

BULL ALERT: Occurs when a column of O's in Bear Confirmed risk status drops to the 30% level or lower, and then reverses up to a column of X's and does not move above the previous column of X's.

BEAR CONFIRMED: Occurs when a column of O's moves below the previous column of O's.

BEAR CORRECTION: Occurs when a column of O's in a Bear Confirmed risk status reverses up to a column of X's, and does not move above the previous column of X's.

BEAR ALERT: Occurs when a column of X's in Bull Confirmed risk status moves to the 70% level or higher, and then reverses down to a column of O's that drop to the 68% level or lower, and does not move below the previous column of O's.

Take care,

Eric
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