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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (22659)	7/26/1999 8:54:00 AM
From: Tommy Dorsey	Read Replies (2) \| Respond to of 34811

For the P&F thread, some points of interest. One of the things we keep track of is a Normal (Bell Curve) Distribution of the intermediate term picture of stocks and indexes as well as short term. The market has been very interesting of late where it has basically gone about 6 days up and 6 days down etc. Each of these oscillations has taken the index to 100% overbought short term to 100% oversold short term etc. The current numbers for the SHORT term have a top in the Dow of 11399, Dead center of the curve or normal is 11105 and 100% oversold is at 10812. The Dow Jones is basically at the low level suggesting a high probability of a bounce up here. Keep in mind we are talking statistics not Point & Figure. I noticed on our charts we have the short term and will get Jay to put the short term numbers out for you. Just a point of interest for traders. Tom Dorsey