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Strategies & Market Trends : The Art of Investing

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To: Sun Tzu who wrote (452)	2/23/1999 12:46:00 AM
From: Gottfried	Read Replies (1) of 10601

Sun, while Point-and-Figure TA does not predict, their main indicator, the NYSE bullish % [% of NYSE stocks on a buy signal]is still headed down. It is at 42% now. PnF followers would wait until it reverses up before committing long positions, carefully. In other words, they are waiting for more breadth [more stocks on a buy signal]. Here's what PnF guru Tom Dorsey says... Message 7976223 [DWA=Dorsey Wright Associates] PnF is the least ambiguous method of judging market direction I've seen. Gottfried

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