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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (13270)2/3/1999 12:18:00 AM
From: PaddyD  Read Replies (1) of 34810
 
Dear Tom;
With all due respect I think I am missing something. I have been studying the Dow Jones 20 bond average chart and it appears to me that there have been 3 sell signals since 1997, not 1. Am I interpreting this wrong?

3-97 @ 102.8
7-98 @ 105
9-98 @ 105

I am keenly interested since 3 of my biggest losers are showing signs of strong turn around due to improvements in their fundamentals. I rode these babies down since 3-98 and I would hate to miss the recovery.

The DJ20BondAvg dropped to 106.2 today. Next move down would put it at a triple bottom. I guess that condition doesn't favor an early reversal does it?

Thanks
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