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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (5734)	8/19/1998 8:53:00 AM
From: Bwe	Read Replies (1) of 34811

Chartcraft Report: NYSE Bullish % inches higher to 29.8%. NYSE stocks above their own 10 week MA moves to Bull Alert status reversing up to 23.92% Bullish Advisors: 40.7% Bearish Advisors: 34.5% The survey of investment advisors has FINALLY moved to levels that suggest the end of corrections. Optionable Stocks Bullish %: 27.8 OTC : 27.8 ASE : 31.3 DowBP: 26.7 NYSE stocks above their own 10 week MA: 23.92* now BULL ALERT 30 week MA: 25.86 Option stocks above their own 10 week MA: 28.0 30 week MA: 31.6 NY High Low Index: 11.3 Many of the indicators above are only marginally away from reversing up which would be a bullish event. Broad Industry Group Bullish % Sum: -39.5% One reversal up: Semiconductors moved to 32% and now is Bull Alert status One status change down: Gaming moved to 32% and is now Bear Confirmed. The following groups all moved down on their charts: Autos: 32% Banks: 32% Biomedics: 18% Chemicals: 26% Household Goods: 28% Leisure: 22% Machinery: 28% Media: 40% Real Estate: 32% Restaurants: 26% S&L's: 30% Steel: 16% Telephone: 24% Transport/non air: 24% I'll post more Chartcraft commentary and stuff later today. Good trading everybody. Things are looking up! Bruce

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