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

To: Lucretius who wrote (2658)	4/28/1998 10:33:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34808

Sorry Luc, I thought you had been following the posts on this thread. I'll fill you in. There are main indicators that suggest the market risk level. First we have the NYSE bullish percent which measures how many securities are on P&F buy or sell signals. This is the main coach. When it is in a column of X's it means demand is in control, when in O's supply is in control. We have indicators that precede the NYSE BP and tell us how the market is fairing. They are the 10 week moving average (which reversed two+ weeks ago), the High/Low index (which reversed two weeks ago as well) and the Optional Bullish percent which reversed today. Never that I am aware of has the Optional bullish percent reversed and the NYSE bullish percent hasn't. As for whether this has been a correction so far. No. Not even. Last time these indicators changed they went from 70% (where they are now) to 40%. The percent is the NYSE bullish percent. I'm afraid we have a ways to go. Hope that helps, Jan