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

To: Ms. X who wrote (6058)	8/19/1998 9:12:00 PM
From: Mr. BSL	Read Replies (2) \| Respond to of 34811

You're right Jan. The short term indicators are looking good. I have the NYSE total HI/LO at 11.17. Note that with half as many new highs today as yesterday and about the same number of new lows, the 10 day moving average is still rising. That shows how oversold we have been. HI LO 10 day mov ave 3-Aug 22 347 4-Aug 21 541 5-Aug 11 566 6-Aug 18 296 7-Aug 32 132 6.41 10-Aug 21 189 6.52 11-Aug 17 520 6.17 12-Aug 29 165 6.62 13-Aug 31 253 6.37 14-Aug 33 231 6.76 17-Aug 34 274 7.23 18-Aug 56 151 9.22 19-Aug 27 159 11.17 Some of the bigger software companies are pulling back to support and look attractive. Check out the patterns for BMCS,ERTS,KEA. They are very similar :-) later