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

To: Smooth Drive who wrote (2644)	4/28/1998 5:58:00 PM
From: superdow	Read Replies (1) \| Respond to of 34808

Eric-- I don't have a site for locating day to day s&p figures over a long term but I'm sure that info is somewhere (probably the library!). the hard part apparantly will be getting the reversal dates...but I agree, this information is so central to the dorsey point and figure system (as well as chartcraft) that it hard to believe that it is not available for purposes of independent analysis. of the three types of reversals referred to in the dorsey book, the bear confirmed (penetration of prior bottom) and bear alert (reversal from above 70 (high risk market)to below 70) ought to be the most significant. Interesting, however, Tom mentions (gloats,<g>) that he got his customers out of the market on Sept. 4, 1987 when the bp reversed. Technically this appears to be a simple ''bull correction'' reversal (the third type)from 68 percent to 64 percent though this reversal followed an earlier reversal from 78 percent. It would also be nice to have exact dates of some of the other confirming indicators (eg., 10 week ma and otc bp index) to work with. Let's keep thinking about this. Maybe Tom can get the dates. --Ray