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

To: Bwe who wrote (5108)	7/26/1998 2:43:00 PM
From: wizzards wine	Respond to of 34811

Nasty Market Update...Friday brought 34 more NEW SELL signals to only 3 new Buy signals...Stay Alert...Things could reverse DOWN quickly from these signals... Later Preston

To: Bwe who wrote (5108)	7/26/1998 4:04:00 PM
From: chartseer	Respond to of 34811

Thanks Bruce for your valued opinion. Playing EK for 10 point reversal since it gapped up from 75 and shot up in exuberant market. My own personal mkt strength indicator very suddenly turned negative and as I look back over the past weeks I realize that market strength really wasn t that strong despite the records being set. EK is one of the DOW dogs and according to the original book should be sold before AUG. Buy Jan 1 st and sell in July. Sit out market till Jan 1 st again. Also shorting the DOW till my mkt indicator turns positive again. DIA could easily sell to 86 at which point it meets BSL. Only one mans opinion and I very well could be wrong.