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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (7316)	9/15/1998 8:45:00 PM
From: Les H	Read Replies (1) of 34809

>You mention that the DJIA will break a DT at 8050 (glass is half >full). And I would say that we are at DT resistance, we closed off of >the day's highs and the NYSEBP still didn't reverse back up (glass is >half empty). How does the proximity of the Bearish Resistance Line at around 8200 and additional horizontal resistance at around 8300 influence the decision if there is a DT Breakout tomorrow? Also, the New Highs declined and the New Lows went up today as well as the Russell 2000 'rallying' at the end of the day to finish up 0.01 (Russell 2000 RS is still declining).

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