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Strategies & Market Trends : Point and Figure Charting

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To: Al Serrao who wrote (6404)	8/27/1998 4:41:00 PM
From: james ball	Read Replies (1) of 34811

Al my man, I have not been strangely quiet as everything that needs to have been said has been said. The defensive team has been on the field for months now and those that want to embrace this method is sitting high and dry. We don't predict Al, we only change when our indicators change. Not only that but I've been on the phone almost constantly for two days with clients. So Al my man, I havent' forgotten you guys. You are the last ones that need any update as you are already reading from the same page. I was kind of hoping we would see a nice 500 point down day. That would have CNBC scurrying around looking for excuses for why it happened. Looks like Ralph was closer to the money than Abbey. It's interesting how many people in the U.S. have a vested interest in the market going up. Anyone who signals an interruption of that trend is a pariah. We are approaching levels in the bullish percents that replicate 1990. This has happened so fast that it does not look like 1973-1974 which went down drip by drip. It was a slow death back then. The market has really produced a bear market in the last few months. Those still long stocks are grabbing for SCUBA tanks right now. Where is Abbey now? TomD

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