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

To: Ms. X who wrote (5137)	7/27/1998 7:45:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Hey y'all. Things movin' and shakin' I know, I know. The market was up 90 points and aren't we just tickled pink. But as always, I'm here to slap some reality down on the table. Today we saw: - in the new buy signal corner: 3 total. - in the new sell signal corner: 42 total. Say what? Yes, more new sell signals then buy signals and all ya'll know what that means...The NYSE BP has got to be feelin' it. In fact I'm going to go out on a limb here and say it will move another box or two down this week. The Optional Bullish percent did reverse down today. This does not paint a pretty picture folks. Keep an eye on those stocks, no hail Mary's. Keep an eye on sectors too. Some of those that reversed up this month are now weakening and showing signs they will reverse down. You may want to think of how to insure some of your prize possessions of loss due to market decline. I'll be updating more often because of the recent conditions. Those of you on DWA, pump up your portfolios to include Indexes and sectors. These will help guide you. You can also put in the BPNYSE, BPOPTI, 10WEEK and HILO to track the market. Take care, Jan I am