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

To: chartseer who wrote (25137)	1/20/2001 6:44:12 PM
From: James Strauss	Respond to of 34822

Good points... We'll just have to see which scenario plays out... I believe that a FED rate cut cycle coupled with lowered earnings expectations sets up a cycle of possible upside surprises... Also, having come off the worst Nasdaq performance in memory, it's reasonable to expect a decent retracement... All this should carry the Nasdaq past 3000... Jim

To: chartseer who wrote (25137)	1/22/2001 3:12:57 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34822

Chartseer, Meanwhile the NYSE high low index is at 93.1%. It has not been this high since February 98. It implies to me this rally is nearly out of steam. Don't expect an out of steam rally to pierce a BRL+ resistance Wouldn't the Naz hi/lo index be more meaningful here. With the NYSE hi/lo being at 93.1, it makes your case for the DJIA being in a precarious position even more compelling. But I believe that we are going into a bifurcated market phase where the naz/growth stocks outperform value stocks based on the rotation out of value to growth. What is the Naz hi/lo???

To: chartseer who wrote (25137)	1/23/2001 11:40:24 PM
From: Bwe	Read Replies (2) \| Respond to of 34822

Hi Chartseer, Quite some time ago, Eric came up with the best abbreviations yet for the p&f trendlines. I have adopted them and believe their use should be standard practice for all p&f chartists. BuLlish Support Line: BLSL BuLlish Resistance Line: BLRL BeaRish Resistance Line: BRRL BeaRish Support Line: BRSL I regularly read your posts, and as always, find your chart analysis quite accurate and insightful. I too would much rather see a BRRL break come from sideways action and a nice triple top break. Your pal, Bruce