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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (5473)8/6/1998 7:44:00 AM
From: Mr. BSL  Read Replies (3) of 34811
 
Hi Jan. Great updates as usual. You are the chief P&F correspondent
reporting from the front. We hear the rockets wizzing past your helmet. Speaking of Wiz, he picked a good time for a vacation. Hope he sets his alarm clock to Bull Alert for when the time comes. The time won't come today. Forty four Value Line 1 & 2 stocks gave sell signals yesterday, zero gave buy signals. The big guns are starting to falter. Three weeks ago the percentage of Value line 1 & 2 stocks on a P&F buy was over 70% per my VL 1 & 2 Portfolio. This morning the percent is 28.78%. This is not a tried and true indicator that anyone should hang their helmet on but it does tell me that the higher quality higher cap stocks are definately weakening.
Take care
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