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Strategies & Market Trends : Point and Figure Charting

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To: Sam Quentin who wrote (17373)	4/17/1999 12:36:00 PM
From: Bwe	Read Replies (1) of 34817

Hi Sam, Chartcraft's TIR Master indicator moved up to -14 this week from -42 last week. The TIR Master is designed to turn bullish/bearish at tops and bottoms so it's getting there. As a reminder, the TIR Master needs to move over 0 to turn bullish. Another great Chartcraft indicator is the S&P/Value Line spread. This indicator takes the temperature of the performance of the big boys vs the little stocks. It's been bearish for so long, and until this past week, had been showing the largest differential in the indicators history. The 60 point contraction in this indicator gave an important buy signal, it's first since god knows when. This gives us a pretty good idea that the market will continue to broaden out. Take care, Bruce

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