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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (6622)9/1/1998 8:06:00 PM
From: Ms. X  Read Replies (1) of 34816
 
Timeline April 1st:

"Plan Ahead: It Wasn't Raining When Noah Built the Arc." October's pullback in the market was of no surprise to you. You knew the risk in the market was high as the NYSE and OTC Bullish Percents were at levels not seen since 1987 -- up at 76% and 72% respectively. You knew the bell curve was skewed heavily to the right-hand, or overbought, side of the ledger. The picture today is beginning to look a lot like that of October 1997, and many other times in the market when we have seen a correction.

Written and printed with permission.
Copyright Dorsey Wright and Associates.

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