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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (13269)	1/30/1999 4:23:00 PM
From: james ball	Read Replies (3) of 34810

Preston, the rally is becomming more narrow and the thing that makes it tough to be a raging bull is hte sell signal in the advance decline line. The High/Low took a major jump down last week and it won't take much for the OTC BP to reverse. I will be surprised if the NYSE BP is able to escape Bear Confirmed this time but if it does, it does. NO predicting just following the locomotive. There are many stocks that continue to look good and can be bought and most are in the telecommunications and technology area but as you know when they get their time in the barrel like Sep. there will be another great buying opportunity. Watch thhe Dow Jones 20 bond aveage at 106.4. 106 is a sell signal and will be the first since mid 1997. That is if it happens. Times like this the market is split. That is why this is an art not a science like many wish it was. WE will have multimedia in a few weeks where we will have conference calls in video on our web page. Should be interesting. I think now we have the largest charting system/portfolio system on the web, world wide. Tom

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