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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (20704)6/1/1999 6:09:00 PM
From: Jerry Olson  Read Replies (1) of 34811
 
I think we wait for Fri's # first...and...the NYSEBP's number too...

things will sort themselves out once we get past that date...i would think...

i still think the FED will wait for the next CPI on/about the 16th before they get serious...

in that time frame the DJBB could move up from here...i won't guess, we'll let the index tell us...

howvever...with all the P&F indicators being in O's, if both these indexsturn down, we're in for a much lower senario ....

remember the bell curve was 10,250ish..1260spx...below those supports the bottom would be much lower...
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