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

To: james ball who wrote (6203)	8/23/1998 11:54:00 AM
From: wizzards wine	Read Replies (2) \| Respond to of 34811

Morning Tom, and thanks for your input as usual...Interesting that you weight your buy and sell orders on Expiration Week...do you do this evenly from Monday till Friday or increase the weighting more as you approach Friday??? Yes, I fully agree that we are closer to the bottom now than in April... Has anyone done a review of the results of the Traders Corner over a time period? Thanks Again for Your Valuable Input Later Preston

To: james ball who wrote (6203)	8/23/1998 2:20:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Comparing the Dow and the NYSE BP. DJIA: Here is a chart of the DJIA. I have marked significant moves of the NYSE BP from October to now. Hopefully this will show how the two move together and how the NYSE BP is a little quicker than the DJIA chart. Remember that the NYSE BP is more indicative of your portfolio than the DJIA (unless of course you own the Dow 30) Numbers represent months 1=January 2=February etc until A=October, B=November, C=December 9350 X * 9300 X O * 9250------------------------------------------------------------------X ----------------------X O --* 9200 X X O X X X O * 9150 BP reverses back down------->5 O X O X O 7 O * 9100 after lower top X O X O X O X O X X O * 9050 X X O X O X O X O X O X O * 9000----------------------------------------------------------X O X O X O --O --O X --X O ----X O X ----------* 8950 Lower top reached on NYSE BP--> X X O X O X O X O X O X O X O * 8900 at 72% X O 4 O O X O X O X O X O X O 8850 X O X O NYSE BP-----> 6 X O X X O O 8800 X O X gives a sell O X O X O X 8 8750------------------------------------------------------X O ----signal at 48%- O --O X O X ----O --------X 8700 X O X O O X X O 8650 X O X O X O X O 8600 3 O O X O X X O 8550 X O X O X O X O 8500------------------------------------------------------X ----------------------------------------O X O X O X O 8450 X O X O X O X O 8400 X O O X O O 8350 The NYSE BP reverses up to X * O O 8300 Bull Correction at 76% in X * 8250--October briefly then reverses-----------------------X ----------------------------------* Where we are today 8200 down to give a sell signal at 68% \| \| X with NYSE BP at 28% 8150 X \| X \| X 8100 A O <- - - - - - X O \| 2 <--NYSE BP reverses back up and gives a buy signal. 8050 X O X X O \| X 8000 X ----------X --X O X O NYSEBP revs C O X --1 <--NYSE BP reverses back down to 50% 7950 X O X O X O X O up briefly X O X O X O X 7900 X O X X X O X O X O in Oct aboveX O X O X O X 7850 Here the 9 O X O O X O 50%. X O X O X O X X 7800 NYSE BP X O X O O X O O X O X O X 7750 reverses X O X --------O ----X ------X ----O X O X O X ------------------------------ 7700 down intoX O X O X O X O X O X O X 7650 Bear Alert O X O B O X X O X O X O * 7600 from 76% O O X X O X O X O \| O X * 7550 to 70% O X O X O X O X \| O X * 7500 (September)- ----------O X O X O --O X ------\| O X --------* 7450 O X O X O X \| O * 7400 O X O O \| * 7350 O X \| * 7300 O X \| * 7250 -----------------------O X ------------------\| --* 7200 O X \| * 7150 O X * 7100 O X * \| 7050 O X * \| 7000 Dow drops to 7000 afterO --------------* ----\| ----------------------------------- NYSE BP reversal 1997 1998