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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (14500)	2/23/1999 11:23:00 AM
From: James Strauss	Read Replies (2) of 34811

Preston: Today's market breadth is weaker than yesterday's... quote.yahoo.com But, the McClellan Oscillator is improving and crossed over into positive territory... decisionpoint.com Also, the NYSE index has broken out of a short term base to the upside... Also, the McClellan Summation Index advanced slightly for the first time in weeks... Given the tenacity of the major indexes to hold support, it looks like the market is headed higher... I know I'm a PnF newbie, and I'm still wet behind the ears... I also realize that those X's and O's take a little longer to establish a reversal, but when combined with traditional TA, I'm confident that I'm seeing the reversal before it occurs in PnF...

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