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

To: Ms. X who wrote (3194)	5/27/1998 10:20:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Good Morning Princess, No Crash Yet, but just look at the over sea's market numbers and it's like October's, get ready to ride out the wave and Thank You and Tom and Mr. Dow for P&F and paying attention to the indicators. Good Luck to All Later Preston

To: Ms. X who wrote (3194)	5/27/1998 10:37:00 AM
From: Al Serrao	Read Replies (1) \| Respond to of 34811

Jan, your doing a great job of keeping us all on our toes. Right now I'm glad I followed your and Tom's advise! Looks like this is going to be very fast to the downside. I took a small position in the S&P short fund RYURX. Can you tell where the bsl is and where we might begin to see resistence? Would you buy more here? Many thanks.

To: Ms. X who wrote (3194)	5/28/1998 6:22:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34811

And let's not forget about Michael Burke of Chartcraft who Tom often cites as a mentor and friend who has added immeasurably to the art of p&f charting. I've been so busy lately with my little guys but I've been reading and enjoying the thread as always. With regard to the market, trusting the p&f indicators helps to make one healthy, wealthy and wise. The following is an excerpt from the latest commentary by Ben Zacks and I think it makes for interesting reading: >>>The stock market is taking a defensive posture similar to the response in October and November of 1997 when the Asian crisis emerged. I would advise a defensive posture as well, meaning focusing on non-durables, such as foods, drugs and medical related, insurance, selected retailers, software and utilities. Avoid most technology and other capital spending related companies, and basic materials. I would not be as eager to buy on every dip as which has been the modus operandi on previous sell offs as this bull market is showing all the classic signs of age.<<< I find a good strategy is to compare the Broad Sector Bullish %'s with the areas that Zacks sees upward eps revisions. Jan has done a wonderful job for us by posting the sector analysis (I printed it right up) and Jan's post is like an early edition of my Friday Chartcraft letter. Later, Bruce