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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (4037)7/10/1998 12:15:00 PM
From: Ms. X   of 34804
 
PHLX Supercap Sector
HFX (07/09/98) 409.60

Tom's comments on June 24 1998 8:12AM EST

Tom Dorsey - Assumptions last night were accurate. Bullish Percent
down 1% while Otc up over 1%. Percent of 10 does reverse up, no risk
level changes in sectors. Semi's at 15.6% with a low of 12.9%.
computers low of 32.7 on 6/16 and now at 35.0. so improvement but no
reversals. Look at HFX if you want to see where the money is going.
HFX trades on PHLX and is the 5 largest cap stocks T,KO,XON,GE,MO and
has made a new high. The NDX is close to a new high and is the 100
largest cap weighted largest OTC where 53% are csco,dell,msft,intc,
wcom. The hot money is going in these stocks. When you get to the
middle and lower eschelon where Mr. Jones typically resides they're
bullet riddled. Stay large cap.Tom

HFX chart as of today. Big Caps still the play.

416
414
412 X<--Move yesterday.
410 --------------------------------------------------------------7 --
408 | X
406 | X
404 | X
402 | X
400 ------------+-----------------X ------------------------------X --
398 | X O X
396 | 4 O X X
394 | X O X O X X
392 | X O X O X X O X
390 ------------+-----------------X O X O X O ------------X O ----X --
388 | X O X O 5 O X X O X X Med
386 | X O O X O X X O X X O X O X
384 | X O X O X O X O X O X O X O X
382 | X O X O X O X O X O X O O
380 ------------+-----------------X ----O X O --O X O X 6 X --------
378 | X O X O X O X O
376 | X O X O O X
374 | X O O
372 | X
370 ------------+-----------------X ---------------------------------
368 | X
366 | X
364 | X 3 *
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