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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (16342)	3/28/1999 7:21:00 PM
From: Bwe	Read Replies (2) of 34810

>>>All three adv-dec lines are lower than they were 10 days ago (I'm starting to think this is also a good short term indicator).<<< I agree, Eric, the a/d lines vs 10 days ago are excellent indicators. I always watch for them. I also follow buy and sell signals in the TIR Composite which is another short termer. The Master Indicator, however, is the one Chartcraft themselves look to for important signals to indicate important market junctures. Last week, the reading was -9.5, up from -36.5 two weeks ago. This week the TIR Master slipped badly to -109.5. The TIR Master is a weekly weighted compilation of all the indicators they keep. Above 0 is bullish, below ) is bearish. It's the crossover above and below 0 that indicates a change in trend. Chartcraft has made some nice calls of late, especially with their SONY stock pick. Broke the BRL in February and ran up like crazy from the mid $70's to near $100. They also like Toyota (TOYOY) right now. SNE's RS by the way, went S+ (RS Sell but now in X's) a week or two ago. Looking forward to speaking with you soon. My chartcraft internship is only a few months away. It's kind of exciting. Your pal, Bruce

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