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

To: chartseer who wrote (25145)	1/24/2001 10:58:21 PM
From: Bwe	Read Replies (2) \| Respond to of 34822

Hi Steve, A BRRL break is a BRRL break after all any way it comes about, however, I prefer to see them occur as I described. NVLS is a good example. stockcharts.com And the longer the BRRL has been in charge of the chart, the greater it's significance. AMAT is one I own and am watching with great interest. stockcharts.com Great to hear from you. Bruce

To: chartseer who wrote (25145)	2/1/2001 9:49:09 PM
From: Bwe	Read Replies (1) \| Respond to of 34822

Steve, The Investor's Intelligence sentiment index just hit 61%, nearing a 5 year high set on 6/1/99 at 61.3%. I'm not sure if this is necessarily a bad thing though, at least for the short term. The Dow was at 10,596 on 6/1/99 and ended the year at 11,497, a gain of 9%. NASDAQ was at 2412 and finished '99 at 4069 for a whopping gain of 69%. Longer term, the Dow is within 5% of where it was in June '99 while the NASDAQ is 15% higher. I'm unsure, however, if this indicator can be used to make any money. I'd like to see Chartcraft take their database of the many years they've been keeping this sentiment index, and come up with some numbers indicating % gains/declines subsequent to extreme bullish/bearish readings. Bruce