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Strategies & Market Trends : Point and Figure Charting
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To: Jerry Olson who wrote (19832)5/13/1999 12:48:00 AM
From: Smooth Drive  Read Replies (1) of 34811
 
Hello Jerry,

Good to hear from you.

With permission from CHARTCRAFT/INVESTORS INTELLIGENCE, here are a few of the more important market indicators:


SENTIMENT INDEX            05/14/99          05/07/99
% of Advisors Bullish         56.90             58.60
% of Advisors Bearish         31.00             27.60
% Correction                  12.10             13.80

MOVING AVERAGES          05/11/99           05/04/99
% of NYSE > 10wk MA         76.69               73.96 Bull Confirmed
% of OPTS > 10wk MA         71.70               77.30 Bull Confirmed
% of NYSE > 30wk MA         62.91               60.10 Bull Confirmed
% of OPTS > 30wk MA         72.70               69.90 Bull Confirmed

BULLISH PERCENTAGES      05/11/99           05/04/99
NYSE Bullish %              59.10              56.60 Bear Correction
OTC Bullish %               54.50              51.20 Bear Correction
DJIA Bullish %              66.70              70.00 Bear Confirmed
OPT Stocks Bullish %        63.20              59.60 Bear Correction
NYSE High Low Index         79.60              75.60
OTC High Low Index          66.20              65.10


You're right -- there's some nice looking charts out there. You could well be right about a strong upmove.

Have you been keeping an eye on QQQ? Nice way to get diversification. It reversed up today.

I too hope the DJBB has bottomed and that the TYX has topped.

Keep those observations and ideas coming.

Take care,

Eric
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