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

To: Jerry Olson who wrote (6913)	9/8/1998 9:06:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Morning Jerry, Currently the last box on the NYSE is at 16 however the last number is 14.7...if it goes down to 14 even it will get a new O.. At this point for it to reverse into X's to the up side it needs a 22 even or better... There is no correlation to a given DOW price however...the 22 would refer to 22% of the NEW signals given are BUY SIGNALS I believe... Hope that helps... Later Preston

To: Jerry Olson who wrote (6913)	9/8/1998 10:48:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hey Jerribeans.. The NYSE needs 6% of the stocks to go from sell to buy signals. This doesn't have anything to do at all with the DOW. Remember the NYSE BP is more expansive. A lot of issues are on long tail down patterns so in order to generate a buy signal, they would have to change columns a few times before giving the buy. This is what the market has been doing behind the scenes of the DOW. When we list the new buy vs the new sell signals, this gives you a better idea what is happening. Last month it was predominately new sell signals. Recently it has been fairly even. Today will bring more buy signals (my guess). Up and down. Don't get too confused by a big up day on the Dow. We have had them before. Take care, jan i am