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Strategies & Market Trends : Point and Figure Charting

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To: Cheeky Kid who wrote (20685)	6/1/1999 4:54:00 PM
From: Jorj X Mckie	Read Replies (1) of 34811

Hi Cheeky, My low target on the SPX is around 1220. There is some very good support there with a quad bottom on the 10 pt chart and the BSL on the 5 pt chart. DJIA absolute low target is 9700 (BSL), but I really don't expect it to go lower than 10000 (the last break out point). This is also based on the bell curve distribution of the sector bullish percentages. It is actually a pretty healthy distribution which would indicate that a major BK is not in the offing at this time. This should be digested with a healthy dose of BWDIK. JXM

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