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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (14349)	2/21/1999 2:21:00 PM
From: Allan Harris	Read Replies (2) of 34816

all the nets have had low poles big time...it seems to me that all the indexs are at critical levels...and any rally, not confirmed with P&F reversals will be shorted in my camp I find this thread getting much too Bearish. Look at the Bullish Percent Charts for both %10 and Hi/Low. Both at or under 30. The last few times this occurred, with both under 30, was April'97, June'98 and Sep'98, all excellent short-term buying opportunities. Tip O'Neill is famous for stating that, "All politics is local." Put another way,"All market timing is short-term." A

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