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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (8330)	10/7/1998 11:04:00 AM
From: Dennis J.	Read Replies (1) of 34811

Tom Dorsey. If I understand correctly, both the OPTI and NYSE bullish percentages have reversed down and are in a column of O's, most sectors are pointed down, and the offensive team is still on the field? Seems like tough yardage ahead. Smaller profit potentials, and a higher percentage of failed trades. And with most stocks limited by overhead resistance. If the OPTI and NYSE BP's move still lower, would you rate their next reversals as buy signals, or wait for DT breakouts above the levels at which they reversed down? I do know that we have the BEST quarterback on the field. Thanks, Tom Dennis

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