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

To: Mike Hagerty who wrote (3484)	6/9/1998 12:47:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Hi Mike, Your are correct, both AOL and ASND have given buy signals on the P&F charts. AOL is RS Buy in X's and ASND is RS Sell in X's. Looking at the sector Bullish Percentage chart we are still in a column of O's down at 34. This group has reversed back up from below 30% the last two times and may well go down further. Tom updates the indicators tonight and I will update the thread with any news. Most of the indicators have been slowly continuing a downward trend and fighting this is often risky. I'd like to start to see some of the indicators turning up, thus reducing some of the risk. If you saw Tom's response to my question of the effect to the indicators of last Fridays rally, was not very positive. As he says "Swimming up stream is harder that swimming down stream ". Just my thoughts, Later Preston