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

To: Bwe who wrote (4035)	6/24/1998 7:31:00 AM
From: iGregor	Read Replies (1) \| Respond to of 34804

Selling Climaxes (SC) are a subtle sign that people are scooping up beaten down stocks and bringing them off their 52 week lows to at least finish with a gain for the week. SC's indicate a subtle shift to the demand side of things and large numbers of SC's usually occur at market bottoms. The reverse is true of Buying Climaxes (BC). How are numbers of SCs &/or BCs determined? Thanks. Greg

To: Bwe who wrote (4035)	6/24/1998 11:21:00 AM
From: R Stevens	Respond to of 34804

Bruce, The selling climax count vs. the buying climax count reminds me of New Highs vs. New Lows. Below you will find a great historical chart of the daily new highs and new lows. The new lows are in red lines heading down. In the bottom half of the chart is a line graph of the NYSE composite index so you can see where prices were as the new lows peaked on the graph. If I look at the Highs/Lows chart it looks like we bottomed out 7 trading sessions back. You can add this to your analysis of the BC's & SC's, and the Bullish Percent charts to get an excellent group of market indicators. HI/Low chart: decisionpoint.com (You can see the red spikes down on past market bottoms and compare them to the most recent) I was thinking it would be great to have a similar chart for the BC's and SC's so we could see where they maxed out on a daily basis. Does your service provide a chart like this? thanks RS

To: Bwe who wrote (4035)	6/24/1998 1:20:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 34804

. I believe I posted at the end of April that there was a record 208 BC's. Not far from the top. That same week there were only 2 SC's. Extreme numbers of BC's or SC's at any time should raise a caution flag. we can see the value of this if your stock is in one of the categories but it becomes harder when we are discussing the overall market 208 to 2 is pretty extreme but what is a general extreme that shows you are nearing a top or bottom I know that is difficult to judge, for sure but just in general what has been your observation btw, I love all your information (I have to let you know every once in awhile that you are appreciated ;-)))))))