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

To: Tommy Dorsey who wrote (22660)	7/26/1999 9:39:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 34811

Hi Tom thanks for the info update..i'm looking to go long for a trade on selected stocks...passing on the nets for now... the site is ever evolving into a major league WEB site..congradts... Jerry

To: Tommy Dorsey who wrote (22660)	7/28/1999 3:44:00 AM
From: Ms. X	Respond to of 34811

To all: Tom Dorsey posted some statistical stuff regarding the Dow on Saturday, interestingly what he stated happened this week. He pinned the tail on the donkey as it were. To: +Ditchdigger (22659 ) From: +Tommy Dorsey Monday, Jul 26 1999 8:54AM ET Reply # of 22689 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 The Dow (DJIA symbol at DWA) pulled back to 10850 and has reversed up, bounced to 11000. We will see what it does from here but currently the momentum is positive. Support is now at 10850 and 10800 would be a double bottom break.