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Strategies & Market Trends : Point and Figure Charting

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To: chartseer who wrote (13439)2/2/1999 8:03:00 PM
From: Ms. X  Read Replies (1) of 34811
 
Buy vs. Sells tonight.

Way and I mean WAY more sell signals than buy signals today. Could Bear Confirmed on the NYSE BP be right around the corner? We find out tomorrow night.

Let's keep the big picture.
Utility and bank indexes on sells and momentum negative
Short term indicators negative
NYSE BP within a hairs breadth of a sell signal
DJIA creating lower tops
Sector momentums practically negative across the board.
Dow Jones 20 Bond average close to giving the first sell signal since March of 97.

However, CNBC did note that Greenspans briefcase was thin so every thing should be OK...
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