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Strategies & Market Trends : Point and Figure Charting

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To: HighTech who wrote (5747)	8/12/1998 10:20:00 AM
From: Ms. X	Read Replies (1) of 34811

HiTech, We would need to see some of the short term indicators move up into X's (no where close now) sectors reverse up (no where close now) and the NYSE BP reverse up (No where...well, you get the point). We are officially on defense as long as the NYSE BP is in O's. However, if the short term indicators reverse we consider this a trading rally and can play the rally with hard stops in place. For the NYSE BP it will take 6% of the stocks to gain new P&F buy signals with no other new sell signals. Of course, the thread will know the second this happens. Jan I am

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