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Strategies & Market Trends : Point and Figure Charting
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To: XOsDaWAY2GO who wrote (7259)9/14/1998 7:51:00 PM
From: Ms. X  Read Replies (1) of 34811
 
Market News for Today.

Way more new buy signals than sell signals today. Don't want to count them - too many. This of course improves the NYSE BP but as the whether enough for a reversal, I don't know yet.

The Computer sector reversed backup. Pull out your list of stocks from this sector and find those that have held up well. CSCO, DELL, AAPL, CSC come directly to mind.

Sectors are starting to make the turn into Bull Alert Status. At this time you should have a list of ideas in all sectors for such a reversal. With sectors turning at this low level and the NYSE BP improving (remember no reversal yet) look to buy stocks on pullbacks and have stops in mind. If stocks have held their trend and RS, at this point, that is a very good sign.

Look for those that have bounced off support and are making higher bottoms. Today brought many breakouts and I'll try to list some in another post. Too many to do charts but I know you all have a subscription so you can take a peek at them yourselves. I will post a chart if I find something incredibly interesting.

We aren't pounding the table yet but we are warming up. I like the sector risk levels changing and momenentums improving.

Sure hope you all have that piggy bank ready and full!

Jan I am
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