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

To: Jorj X Mckie who wrote (25583)	11/27/2001 9:24:25 PM
From: PuddleGlum	Read Replies (1) \| Respond to of 34804

JXM- Lots of charts are at the top of their trading band per DWA. In addition, many of my holdings have positive momentum for 7-10 weeks, and Tommy used to say that 10 weeks was getting kind of long. So, there you have it, even some of the p&f-related indicators are saying that we're close to the top. Like Jeff, I've been amazed at the strength of this rally. I raised cash on Nov. 16 thanks to some covered calls for which I was assigned. I've got covered calls on lots of my shares right now, but most of them are still OTM so I don't have real hedges in place unless we continue this rally for several more days. I'm thinking we head down real soon (end of month?) and then wait for a decent January effect. pg