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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (20465)	5/27/1999 12:27:00 AM
From: James Strauss	Read Replies (1) of 34810

Tom: Excellent market analysis here and on CNBC... As a backup to your advice to go slowly, here is a view of the McClellan Summation Index... decisionpoint.com Note the formation of a right peak in a double top pattern... This Index moves slowly and has a good correlation with short to intermediate term moves in the market... With the ups and downs today, this doesn't yet look like a market turnaround... A look at the broader S&P 500 shows a downtrend in place... decisionpoint.com Until this downtrend reverses into an uptrend, caution should be the watch word... Jim

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