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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (6533)	8/31/1998 1:18:00 PM
From: superdow	of 34816

Yup, I think we are going to go a lot lower yet. As of today, the indexes have given up the year's gains. Psycologically, fund managers and in particular fund holders can deal with giving up year to date gains. Any further losses are viewed as a loss of hard earned capital. So look for a lot of mutual fund holdings to go cash now. Glad I got scared when the nyse bp reversed! (: Looking forward to taking a closer look at those reversal figures posted by Jan this weekend (ie., matching them up with index movements) or Eric are you working on that already!

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