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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (13013)	1/24/1999 10:11:00 PM
From: Ms. X	Read Replies (1) of 34811

I think tomorrow if the quotes I'm seeing in the Asian markets are correct, will open down. All that is needed to break support in the Dow is 71 points. Whether it bounces from there I don't know. Historically, reversals at this level in the NYSE BP tend to stay around the 50% level followed by a run up to the 70% level. Of course, every year is different. Support at 52% with 50% being a db break. Momentums are negative across the board. Even if it is only a small drop, it will be heavily felt in the extended issues (my impression). I wouldn't assume anything here and would have stops, hard stops, registered with the brokerage house, in place. I am the Divine Ms X and Mighty too!

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