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

To: Paul V. who wrote (22937)	8/6/1999 1:13:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 34809

DJBB is the leading indicator. It turned down in Dec 98, broke 1st double bottom in Feb 99, broke 2nd DB June, broke 3rd DB Aug, broke Bullish Support Line yesterday, and is now lowest since 1995. Market bottom should be preceded by upturn of DJBB, IMO. Tulvio

To: Paul V. who wrote (22937)	8/9/1999 11:21:00 AM
From: Ms. X	Respond to of 34809

Hi Paul, Yes, they went to X but then reversed down again into O's before the NYSE BP did. The NYSE BP is the main indicator that we all follow but the short term indicators certainly are taken very seriously for direction and position stance. The 10Week and HiLow we like to see move in tandem but it is true that once the 10Week moves, it changes (that might be a little strong of a word) our position stance. However, I must say, if you are a long term investor and the NYSE BP was in X's but the 10Week just reversed down, you wouldn't run out and sell everything or try and cover. It would just suggest things probably are slowing down a little. The 10Week can reverse several times before the OPTI and certainly before the NYSE BP reverses. Just because the 10Week reverses down it doesn't mean absolutely the OPTI or NYSE BP will. Now, the OPTI reversing is considered an "omen" for the NYSE BP. When that reverses one way or the other that is when we watch the NYSE BP very closely. As you have seen this last time the OPTI did reverse down but the NYSE BP didn't. After the OPTI reversed back up with the NYSE BP staying in X's - it reversed down again and this time the NYSE BP followed it and quickly. 10Week is very important to traders. Especially those that are aggressive. When it goes positive, traders can start to look for some longs (of course taking in to consideration the chart). They all together tell a story. It is like a domino effect but one must keep in mind that it may not fall all the way to the end. If the 10 Week reverses up we will look for aggressive trades. If after that the OPTI reverses up we will look for more longs and if they NYSE BP reverses up we start picking pennies out of the couch to buy like crazed loons. Just like last October. What a buy that was! Didn't get crazy until the NYSE BP reversed up even though the others had reversed up. Things were very volatile and you had to really be mechanical and unemotional. IT was very hard but it worked. ;-) Take care, Jan I am