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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (15154)	1/24/1998 9:37:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 68098

Hi Judy, I've followed some of your posts and have enjoyed them. Combining the TA and FA is a full time job. Check out the Point and Figure thread again. I posted a letter from Tom Dorsey, the leader in Point and Figure. He discusses market risks and how Point and Figure is used to evaluate. You may enjoy it. What I see happening now is demand coming in for the Oil, Oil services and Precious metals sector.Semiconductors reversed up several weeks ago and are starting to look strong. The NYSE bullish percent however, is still bearish. This means any positions should be taken cautiously even if the sector has returned bullish. I think with Oil, Oil service and precious metals reversing from below the 30% area (in effect 70% oversold) it is a good time to start evaluating the best stocks to buy for long term in these areas. Semi's look stronger and might be in a better positon for trades/options etc. Intel looks great. I found a stock, ASTF, that looks like a monster on the chart. Know anything about them? If we look at the sector bell curve, most sectors are bellow the 50% level giving us a better market position but to feel real confident, I would like to see the NYSE bullish percent reverse up. P&F evaluates supply and demand not daily fluxes. Check out dorseywright.com for more information on P&F. Come back to our site and give us some ideas. I'm happy to answer any questions on Point and Figure.

To: Judy who wrote (15154)	1/26/1998 7:14:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 68098

Judy, Thought I would throw an observation your way. I had asked myself awhile back, a basic economic question. If Asia starts to recover, wouldn't the dollar drop and gold start to recover? Wouldn't it also be true then that bonds would drop and interest rates would rise? Possibly the price of oil would go up? I'm sure these questions are basic but I'm not an economist. It does appear that this is happening now. Asian bullish percent indexes have had supply drying up for a month or so and it looks as if demand is coming in. hmmm. My next question is: If the interest rates rise, which is usually bearish for the market, could we opine (I love that word) that since the NYSEBP hasn't been unable to gain support with interest rates going down, it will do even worse with the interest rates going up? Add a conflict with Iraq and viola! Time to have puts on the Dow. Yes, No? With the way the market is structured now, solid long term investments need to be initiated with the FA and TA firmly in place. With the market being bearish, trades would be best taken on the short side. Obviously, there will be those bucking the trend but I'm speaking of an average. Do you agree? Interesting thought: If stocks have been beaten down because of their exposure to Asia, do they now start to look attractive with the thought of a recovery in Asia? Contrarian to what most are saying in the media. Instead of avoiding them maybe we should be seriously looking at them. Wheew, how taxing. I'm going back to bed.