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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (6913)	9/8/1998 10:48:00 AM
From: Ms. X	Read Replies (1) of 34811

Hey Jerribeans.. The NYSE needs 6% of the stocks to go from sell to buy signals. This doesn't have anything to do at all with the DOW. Remember the NYSE BP is more expansive. A lot of issues are on long tail down patterns so in order to generate a buy signal, they would have to change columns a few times before giving the buy. This is what the market has been doing behind the scenes of the DOW. When we list the new buy vs the new sell signals, this gives you a better idea what is happening. Last month it was predominately new sell signals. Recently it has been fairly even. Today will bring more buy signals (my guess). Up and down. Don't get too confused by a big up day on the Dow. We have had them before. Take care, jan i am

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