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

To: Al Serrao who wrote (4058)	6/25/1998 6:40:00 AM
From: Bwe	Respond to of 34808

Chartcraft Report: -Advisory Sentiment: Bulls: 42.9 % Bears: 31.9% Slightly more bulls and less bears this week and this key sentiment indicator still has not pointed to the bottom of this correction. Bullish advisory % needs to move below 40% and bears to over 35%. -NYSE Bullish %: 45.8 -NYSE % of Stocks Above 10 week MA: 32.08 This key short term indicator reversed up from below the key 30% level. The last time this happened was in November '97 -NYSE % of Stocks Above 30 week MA: 42.08 Still showing weakness in a column of O's -Optionable % of 10: 34.6 Also reversed up signaling positive change in short term trend -Au Bon Pain sold from Low Priced portfolio -RS Buy Signals: Camco, MCI, Ciena -RS Sell Signals: Borg Warner, US Filter, Altera, Encore Wire -Broad Sector Sum moved to -20.5. This is the 4th lowest level in 8 years. A reversal up in this indicator would be a key event -Broad Sector action: 16 groups down 0 up One status change...Machinery moved to 48%: Bear Confirmed All of the following groups are in O columns and moved down on the week: Banks -> 52% Chemicals -> 40% Drugs -> 36% Electronics -> 24% Insurance -> 56% Textile/App -> 50% Oil -> 26% Paper -> 36% Restaurants -> 48% S&L's -> 58% Have a great day, everyone. Bruce