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

To: Lucretius who wrote (5643)	8/10/1998 3:58:00 PM
From: Ms. X	Respond to of 34811

As Tom said with the NYSE BP the signal (sell) isn't as important as the "field position". We are getting near the oversold territory which is 30%. I believe the indicator is still moving lower so 30% may just be around the corner. It can move lower. The bottom line is we will stay defensive until that baby reverses up. There are short term indicators that will reverse up before hand indicating rallies or perhaps a longer term bullish picture. At this writing, all indicators are bearish. Defense. Take care, Jan I am