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


To: Ms. X who wrote (6599)9/1/1998 11:42:00 AM
From: Judy  Read Replies (1) | Respond to of 34824
 
Hi Jan, can you post a P&F update for LU and when it would generate a buy signal again? My sense is that should happen at 82ish, closed Sept 95c on the tank yesterday and looking to sell calls again at a lower strike.



To: Ms. X who wrote (6599)9/1/1998 8:34:00 PM
From: Ms. X  Respond to of 34824
 
Timeline July 28th:

"The NYSE Bullish Percent remains in a column of O's and in Bear Confirmed status. From our preliminary numbers, the NYSE Bullish Percent has probably lost about 2.5% on a week to week basis. The defensive team remains on the field longer term. The Optionable Bullish Percent is back in a column of O's too after making a lower top. You can see a chart of this bullish percent below. The NYSE High-Low Index reversed down last Thursday and the Percent of Stocks Above Their 10 Week Moving Average is back in a column of O's too. Both the short term and long term have the defensive team on the field."

Written and printed with permission.
Copyright Dorsey Wright and Associates.