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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (14578)	2/23/1999 9:28:00 PM
From: Gwolf	Read Replies (2) of 34816

Jan, rising indexes with declining participation by the broad market is exactly what happened in 1973-74 and 1987 and as recently as July of 1998. This market feels just like 1987 to me and my other technicals I've followed for a long time are screaming caution. When I read Tom's postings for the last 2 days he certainly seems to be cautious as well. This next rally up is going to tell the story. Gwolf

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