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


To: iGregor who wrote (5301)8/3/1998 3:09:00 PM
From: Ms. X  Read Replies (2) | Respond to of 34811
 
Eastipoo,

I'll answer the first two of your three part and leave the later for the Big Guy to answer. Like to throw stuff at him when he is on a roll...

The DJIA will break a double bottom at 8800 (Did it do that today?)
Next support at 8700 and 8600. 8500 is yuckie poo poo because after that the BSL is only a bump and scrape away at 8250 - and after that, support is way down at 7650.

The SPX has just given the second sell signal and next support way down at 1075.

The NASD gave a sell signal after a lower top and has reversed back up. Support at 1880 with 1870 breaking that support. After that, next support is way down at 1720.

Take care,

jan I am