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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (11895)	12/23/1998 12:03:00 AM
From: Ms. X	Read Replies (2) of 34811

Well, here we are again. I know other threads will love this and it will give them plenty of fat to chew on - so here goes... Whilst the Dow and Naz (with the exception of a couple of days) have been seemingly performing brilliantly, our indicators have continued to weaken. A yup. More sell signals than buy signals really outlining a narrow rally with selected stocks. If you have stocks that haven't been participating in this rally, you should be watching them every night for breakdowns. Rs in O's is a little scary right now. From here we watch for the short term indicators to reverse up signaling a change from defense to offense. Again, this reversal is a "flashing yellow light" not a "red light". Be cautious not panicked. Jan I am

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