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Strategies & Market Trends : Point and Figure Charting

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To: Hardline who wrote (13183)	1/27/1999 9:32:00 PM
From: Gwolf	Read Replies (1) of 34810

Hardline, isn't P&F suppose to tell us what's going on with the basic supply and demand even if we can't see all of the fundamentals right now. The market is usually ahead of the economic picture by 6 mos to a year. When I look at these charts they tell me the Global picture is getting weaker for our multinationals. When I look at the dollar going back to 1985 I see a very big rounding bottom. Everyone expected the Euro to take off in a big way and kick the stuffing out of the dollar but it hasn't. On the S.T. chart the dollar has broken a triple top and looks like it is headed for the BRL. So bottom line I'm wondering if these stocks are giving us a preview of things to come. Gwolf

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