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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (52819)	9/16/1998 12:04:00 PM
From: Margaret Mateer	Read Replies (1) \| Respond to of 58727

The NYSEBP is the most important indicator in Point and Figure Charting and it should be taken seriously. On the chart that Jan posted, you can see dates as follows: 1-9 for Jan.-Sept. and A,B,C for Oct., Nov. and Dec. Month A doesn't show up in 1990 because there was no significant chartable change in the NYSEBP chart that month. The reversal up came early in Nov. 1990 (see "B") which was when the Dow did indeed reverse up. And, yup,it works great in bear markets, too. I just saw Tom Dorsey's chart of the NYSEBP dating back to 1950 this past weekend and it reverses up from these low levels very infrequently and it indicates an important buying opportunity. You may want to wait a little and see it confirmed by the break of some important resistance lines you're watching. I'm sure Jan will post a more thorough explanation. Peggy