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

To: wizzards wine who wrote (6460)	8/28/1998 10:28:00 AM
From: Ms. X	Read Replies (6) \| Respond to of 34811

How long the indicators stayed at the bottom (history). Printed with permission of Dorsey Wright. NYSE BULLISH PERCENT Current Level: 28% (reversed down 5/13/98) 1996 1994 1990 1987 Initial Reversal Down 6/27/96 11/16/94 8/8/90 Early Sept. Bottom 44.2% (7/31) 32.4% (12/14) 17.3% (10/17) 6% (10/28) Reversed 52.3% (8/28) 40.4% (2/15) 24.3% (11/7) 22% (11/4) How Long Before Reversal Up: From Bottom 1 month 2 months 3 weeks 1 week From Rev Down 2 months 3 months 3 months 2 months OPTIONABLE BULLISH PERCENT Current Level: 25.3% (topped in April at 74%, then reversed down on 4/27; then after brief time in X's in July reversed back down on 7/24) 1996 1994 1990 1987 Initial Reversal 6/17/96 10/12/94 7/25/90 9/9/87 Bottom 32.9% (7/24) 35.1% (12/14) 15.3% (8/24) 1% (10/21) Reversed 44.4% (8/2) 40.1% (1/4/95) 23.3% (10/22) 37.8% (11/4) How Long Before Reversal Up: From Bottom 1 week 3 weeks 2 months 2 weeks From Rev Down 6 weeks 3 months 3 months 2 months OTC BULLISH PERCENT Current Level: 26.1% (reversed down on May 26th; then after brief period in X's In July, reversed back down into O's on 7/28th) 1996 1994 1990 1987 Initial Reversal 6/19/96 11/30/94 July October Bottom 34.1% (7/16) 38.1% (12/20) 16% (Oct) 10% (Oct) Reversed 45.4% (8/6) 46.5% (2/8/95) 22% (Nov) 16% (Nov) How Long Before Reversal Up: From Bottom 3 weeks 6 weeks 2 months 2 months From Rev Down 7 weeks 9 weeks 4 months 4 months Notes: Don't have precise dates on reversals in 1990 & 1987. NYSE HIGH-LOW INDEX Current Level: 8.1% (reversed down 7/22, but had previously topped out at 94% and reversed down on April 8th) 1996 1994 1990 1987 Initial Reversal 6/7/96 9/12/94 6/14/98 9/2/87 Bottom 22.9% (7/24) 5.4% (12/14) 3.4% (9/4) 0.7% (10/29) Reversed 33.7% (8/2) 13.1% (12/21) 10.1% (9/18) 8.6% (1/4/88) How Long Before Reversal Up: From Bottom 1 week 1 week 2 weeks 2+ months From Rev Down 2 months 3+ months 3 months 4 months Notes: For initial reversal data, I used tops at 70% (or higher). PERCENT OF STOCKS ABOVE 10 WEEK MA Current Level: 15.0% (topped at 72% in March then reversed down 4/8; then after a brief time in X's in July, reversed back down 7/29). 1996 1994 1990 1987 Initial Reversal 6/12/98 9/14/94 6/20/90 9/2/87 Bottom 18.7% (7/17) 21.5% (12/14) 8.4% (8/29) 0.8% (10/21) Reversed 26.0% (7/31) 35.0% (12/21) 18.5% (10/3) 8.8% (11/25) How Long Before Reversal Up: From Bottom 2 weeks 1 week 5 weeks 1+ month From Rev Down 6 weeks 3+ months 3 r months 2 r months PERCENT OF STOCKS ABOVE 30 WEEK MA Current Level: 20.6% (reversed down on May 20th after making a lower top, then Broke a previous bottom the following week at 54%). 1996 1994 1990 1987 Initial Reversal 6/12/96 9/28/94 7/25/90 9/9/87 Bottom 31.6% (7/17) 22.2% (12/14) 11.0% (10/17) 2.0% (10/28) Reversed 49.5% (8/7) 32.6% (12/28) 18.6% (11/7) 11.3% (1/6/88) How Long Before Reversal Up: From Bottom 3 weeks 2 weeks 3 weeks 2+ months From Rev Down 2 months 3 months 3+ months 4 months