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

To: superdow who wrote (3057)	5/15/1998 9:52:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34809

SD, I understand what you are looking for but answers to satisfy your question would come from a crystal ball. Knowing the specific reversal dates and how much the Dow dropped really isn't going to help you. See, there is always "Something" that brings the market down, war, inflation, rates, impeachment ...who knows and that seems to govern the move in the market. The NYSE BP just tells you we have hit a risky point, it doesn't tell you what might be the catalyst to the fall. For instance why in '87 did the market dropped more in percentage than last October? Both times the NYSE BP had reversed from above the 70% level. Both times you knew there was risk but you didn't know what the outcome would be. We could have a big drop or a bear or sectors can simply just get slaughtered one by one. Right now it looks to me that the later is true but that can change. Tom put examples of this in his report on his site this week. He mentioned the years the market dropped and the NYSE BP. I think you might like that article. Sorry I couldn't be more specific with you. Wish I had that crystal ball! Jan I am