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

To: Ms. X who wrote (6628)	9/1/1998 8:28:00 PM
From: Ms. X	Respond to of 34811

Timeline July 16th: "Although the broad averages were carried to new highs, the battle between Net New Buy Signals vs Net New Sell Signals was a total wash. There were just as many new sell signals given as there were new buy signals. On CNBC this week the calls we had asking for an opinion on a stock were all stocks that were down significantly. And the other stocks on the docket to be discussed, which we weren't able to get to, were also in the can. I find it disconcerting that the NYSE Bullish Percent is unable to gain a simple net 6% New Buy Signals over New Sell Signals. Yes, the short term indicators continue on buy signals including the Optionable Stock Bullish Percent and the OTC Bullish Percent reversed up this week which is a good sign there, but the long picture which is depicted by the NYSE Bullish Percent, just hasn't come around. If the short term indicators top out here and reverse down without the NYSE being able to gain a simple net 6% buy over sell signals then we will probably move to the lower end of the trading range." Written and printed with permission. Copyright Dorsey Wright and Associates.