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Strategies & Market Trends : Point and Figure Charting
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To: Jorj X Mckie who wrote (11876)12/22/1998 5:02:00 PM
From: Smooth Drive  Read Replies (1) of 34811
 
Hello All,

(And remember fellow males, don't start worrying about those little gifts we've got to pick up until about 3:00 P.M. on Thursday. We've got lots and lots of time!)

With permission, here's a dab of INVESTORS INTELLIGENCE for today:

SENTIMENT INDEX         12/24/98       12/18/98
% of Advisors Bullish      56.4           56.8
% of Advisors Bearish      32.5           31.4
% of Advisors Correction   11.1           11.8
Bulls 10 Week MA           60.9           59.5


A few selected items:
                        12/21/98        12/15/98
NYSE 10 Week MA            47.46           49.29-Bear Alert
OPTs 10 Week MA            49.3            47.90-Bear Alert
NYSEBP                     51.2            51.50-Bull Correct
DJIABP                     53.3            50.00-Bear Confirmed
OPT Stks BP                56.7            56.90-Bear Alert
NYSE HIGH LOW BP           47.5            51.9

Long term we have a cautiously Bullish stance, short term outlook has many indicators coming down from Overbought and starting to get Oversold. The defense remains on the field with the NYSEBP at the 50% area where moves often "pause". Sentiment still too many Bulls. Watch stoploss points, raise as permitted, take profits.

Another negative week for the Broad Industry Group Bullish %'s with 3 upmoves compared to 9 down moves. Oil has the lowest Bullish % at 18%. An upturn here would be Bullish.

CHARTCRAFT/INVESTORS INTELLIGENCE

Take care,

Eric

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