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

To: Ms. X who wrote (22713)	7/28/1999 10:40:00 PM
From: Gottfried	Respond to of 34811

Jan, [edited] I mean it. You might want to keep a file of these kinds of touching and funny posts. Someday there might be enough for a book. Gottfried :) I linked your bear alert post on the AMAT thread. Message 10702253

To: Ms. X who wrote (22713)	7/28/1999 11:08:00 PM
From: Ms. X	Respond to of 34811

Market update. All of the indicators moved down this week including the Big'un, the NYSE BP by a 2.7% percentage points. Not to worry, it didn't reverse down. It is at 55% and 52% is needed for the reversal. For those with the professional service the Daily market report in incorrect. It shows the OPTI in X's which it is not. It still is in O's moving down 5% on the week. Buys and Sells are about even today a smidge to the sell side. An important event is the Dow 20 Bond Average (DJBB), has reversed back down on the chart. This sets up a couple of potential breaks. On the upside, a move to 102.40 would now break a double top and generate a buy signal. Should we see that, we would then go long bonds. Should the 20 Bond Average continue to fall, a move to 100.60 would break the June lows and break a third bottom. We would remain out of bonds or short bonds or in very near term maturity's until we see a buy signal. We should also point out that the September Bond Futures reversed and broke down while the TYX has reversed to the upside. Currently this is negative for rates.