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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (13894)2/12/1999 10:21:00 AM
From: james ball  Read Replies (2) of 34810
 
This is how the techs will accumulate more sell signals and provide opportunity soon. The reversals up yesterday only served to set up the potential for a sell signal at a lower level as they reverse today. Those that did not give sell signals over the last few weeks may do so now which will force the Bullish Percents lower. Computers are at 46%, Semis 54% and software is at 48%. This type of action should push them, Computers nad Soft into the mid to upper 30% levels. One of the most disconcerting thing is the major bottom taken out in bonds today as well as the cover story in time Magazien with Greenspan , Rubin and Rubin's second in command on the cover. Title is "The Committee to Save the World". Their honeymoon is over. Tom
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