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Strategies & Market Trends : Point and Figure Charting
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To: james ball who wrote (6203)8/23/1998 2:20:00 PM
From: Ms. X  Read Replies (2) of 34811
 
Comparing the Dow and the NYSE BP.

DJIA:
Here is a chart of the DJIA. I have marked significant moves of the NYSE BP from October
to now. Hopefully this will show how the two move together and how the NYSE BP is a little
quicker than the DJIA chart. Remember that the NYSE BP is more indicative of your portfolio
than the DJIA (unless of course you own the Dow 30)

Numbers represent months 1=January 2=February etc until A=October, B=November, C=December

9350 X *
9300 X O *
9250------------------------------------------------------------------X ----------------------X O --*
9200 X X O X X X O *
9150 BP reverses back down------->5 O X O X O 7 O *
9100 after lower top X O X O X O X O X X O *
9050 X X O X O X O X O X O X O *
9000----------------------------------------------------------X O X O X O --O --O X --X O ----X O X ----------*
8950 Lower top reached on NYSE BP--> X X O X O X O X O X O X O X O *
8900 at 72% X O 4 O O X O X O X O X O X O
8850 X O X O NYSE BP-----> 6 X O X X O O
8800 X O X gives a sell O X O X O X 8
8750------------------------------------------------------X O ----signal at 48%- O --O X O X ----O --------X
8700 X O X O O X X O
8650 X O X O X O X O
8600 3 O O X O X X O
8550 X O X O X O X O
8500------------------------------------------------------X ----------------------------------------O X O X O X O
8450 X O X O X O X O
8400 X O O X O O
8350 The NYSE BP reverses up to X * O O
8300 Bull Correction at 76% in X *
8250--October briefly then reverses-----------------------X ----------------------------------* Where we are today
8200 down to give a sell signal at 68% | | X with NYSE BP at 28%
8150 X | X | X
8100 A O <- - - - - - X O | 2 <--NYSE BP reverses back up and gives a buy signal.
8050 X O X X O | X
8000 X ----------X --X O X O NYSEBP revs C O X --1 <--NYSE BP reverses back down to 50%
7950 X O X O X O X O up briefly X O X O X O X
7900 X O X X X O X O X O in Oct aboveX O X O X O X
7850 Here the 9 O X O O X O 50%. X O X O X O X X
7800 NYSE BP X O X O O X O O X O X O X
7750 reverses X O X --------O ----X ------X ----O X O X O X ------------------------------
7700 down intoX O X O X O X O X O X O X
7650 Bear Alert O X O B O X X O X O X O *
7600 from 76% O O X X O X O X O | O X *
7550 to 70% O X O X O X O X | O X *
7500 (September)- ----------O X O X O --O X ------| O X --------*
7450 O X O X O X | O *
7400 O X O O | *
7350 O X | *
7300 O X | *
7250 -----------------------O X ------------------| --*
7200 O X | *
7150 O X *
7100 O X * |
7050 O X * |
7000 Dow drops to 7000 afterO --------------* ----| -----------------------------------
NYSE BP reversal

1997 1998
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