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

To: Lee Lichterman III who wrote (7084)	9/10/1998 9:01:00 AM
From: chartseer	Respond to of 34811

Expect market to test lows this should take some dow stocks to test their lows. If IBM goes near 110 it will give a sell signal. BUT it may not break 118. Have to make decision at 118 to hold or to fold. Only my opinion and i could be wrong. Chartseer

To: Lee Lichterman III who wrote (7084)	9/10/1998 9:27:00 AM
From: Ms. X	Respond to of 34811

Look at the DJIA. 8750-----------------------O --O X O X ----O --------X --------* ----- 8700 O X O O X X O * 8650 O X O X O X O X 8600 O O X O X X O X O 8550 O X O X O X O X O 8500---------------------------------------O X O X O X O X O --------- 8450 O X O X O X O X O 8400 O O X O O X O 8350 * O O O 8300 * O 8250---------------------------------* --------------------O --------- 8200 * O 8150 * O 8100 * O 8050 * O 8000-----------------------* ------------------------------O ----X <--Double top buy 7950 * O X X ? 7900 * O X O X ? 7850 * The DJIA has been basing O X O X ? <--May reverse here today. 7800 * here in the 7450 to 8000 O X O X 7750-------------* ----------range. Just broke a double----O X O X --- 7700 top at 8000. Also has a O X O X 7650 higher bottom at 7500. O X O X 7600 May reverse back down today O X O X 7550 at 7850. This looks like O X O X 7500-------------------------demand is coming in.7400 -----O X O <--Higher bottom 7450 would obviously be a bad break 9