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

To: Paul V. who wrote (4237)	6/30/1998 1:31:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34809

High-Low Index reverses up. This makes two of the short term indicators in a column of X's which indicates at least a short term rally. The optional bullish percent is within 2% of reversing back into X's and as you all know, this is usually followed by the NYSEBP. Again we can't predict but with the 10week and the High-Low in a column of X's you can play the rallies. Tom had mentioned it is limited to the Big Caps which indicates the rallies to be narrow. High-Low Index 96 X \| \| X A \| 96 94 7 O 9 \| X \| 6 O X O \| X 94 92 X O X O \| X O X X X X O X O \| X O 92 90 ------X --6 O X O X --X --X --2 O ----X O X O --------X --X O X --X 8 9 O --------+---X O -----------------90 88 X O X 8 O X O 1 O X O X O X O X O X O X O X O X O X O \| X 4 88 86 5 O X O C O X O X O X O X X 5 X O X X O X O X O X O X O \| X O 86 84 X O A X O X O O X 3 X O X O X 6 A O X C X 2 X 3 X O O \| X O 84 82 X O X O \| O O X O X O X O X O X O X O O X O \| X O 82 80 ------X --------O X --+---------O X 4 X O --O X --X O X O X ----O X ----O --------+---X O -----------------80 78 4 O X \| O X O O X O X O X O X O X O \| 2 O 78 76 X O X \| O O X O X O X O 1 O X O X X X O X 76 74 X O X \| O X 9 X O X O X O X O X O X O X O X O 74 72 X O X \| O X O X B O X O X O C O X O X O X O 72 70 ------X --------O X --+---------------------O X O ------O X ----O X ----O ----X O 1 O X O X O -------------70 68 X X O X \| O X O X O X O X X O X O X 5 X O 68 66 X O X O X \| O X O X O X O X O X O X O O O 66 64 X O X O X \| O X O \| O X O X O X O X O 64 62 X O X O X \| O X \| O X O B O X O \| O 62 60 --X O X --------O X --+---------------------O X ----------+-----O X ----O X O ----+---------O -------------60 58 X O X B \| O X \| O X O X \| O 58 56 X 3 X \| O X \| O X O \| O 56 54 X O X \| O X \| O X \| O 54 52 X O X \| O X \| O X \| O 52 50 --X O X --------------+---------------------O X ----------+-----O 5 --------------+---------O -------------50 48 X O X \| 7 X \| O X \| O 48 46 O X O X \| O X \| 4 X \| O 46 44 O X O X \| O X \| O X \| 6 44 42 O X O \| O X \| O X \| O 42 40 2 --------------------+---------------------O X ----------+-----O X --------------+---------O -------------40 38 \| O X \| O X \| O 38 36 \| O X \| O X \| O 36 34 \| O X \| O X \| O X<--Bull Alert 32 \| O X \| O \| O X 32 30 ----------------------+---------------------O 8 ----------+-----------------------+---------O X -----------30 28 \| O X \| \| O 28 26 \| O X \| \| 26 24 \| O \| \| 24 22 \| \| \| 22 20 ----------------------+-----------------------------------+-----------------------+------------------------20 18 \| \| \| 18 16 \| \| \| 16 14 9 \| 9 9 \| 9 9 \| 9 14 12 5 +-6 6 +-7 7 +-8