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

To: Challo Jeregy who wrote (3811)	6/17/1998 11:23:00 AM
From: Ms. X	Respond to of 34811

Hi Challo, The Dow is only 30 stocks. NYSE BP is 8,500(?) stocks. Nope 200 won't change much. See, the stocks would have to make buy signals to start changing the NYSE BP to the upside. A lot of stocks right now have long tails down and it would take huge moves to generate buy signals. A little up and little down and we could start to see some difference. We will see the short term indicators change first. 10 week already in X's (unless last week reversed it) then the High-Low index(in O's) then the Optional Bullish Percent (in O's) and then the NYSE BP. During that time we will see sectors start to reverse back up. My guess is Semi's will be first. We take the Optional Bullish Percent seriously. Once that reverses up, the NYSE BP is not far behind. Hope that answers the question, Jan I am