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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (20313)	5/25/1999 11:30:00 AM
From: james ball	Read Replies (1) of 34811

If AG raised rates it would generally take two steps before the market experienced a stumble. This reversal into X's in the DJBB (which by the way you P&fers are the only ones who know at this juncture) is a good sign but don't bet the ranch. We went back to 1994 where there was a similar time and the reversal lasted for a month or so and reversed down. It was trying to find a bottom until the last capitulation of the market which carried it down to the final bottom. In 1994 we did see much rotation and by April the high tech had bottomed and wes ready to rise while other sectors were ready to fall. Keep your eyes open and remember to manage your positions, drive as straight a line as possible. Tom d

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