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

To: Ms. X who wrote (7371)	9/16/1998 3:52:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34809

Jan, Nice explanation of the NYSE BP. Was Dr. Pliers good to you? Your head still seems clear. Our friendly little DJIA will post two (2) count them again 2 Xs on their chart tonight. It has broken through the DT by 2 Xs. So now I will bow before your goodness and admit that I am truly the best contrarian indicator in the world. I am now bullish, though I still expect to see a pullback in the next couple of days. Tom

To: Ms. X who wrote (7371)	9/16/1998 4:16:00 PM
From: Twiford	Respond to of 34809

Jan: Thanks for the insight. A refresher is always helpful. You seem to have a knack of putting into words what we think we know. Thanks again. Sam

To: Ms. X who wrote (7371)	9/16/1998 4:57:00 PM
From: Smooth Drive	Read Replies (2) \| Respond to of 34809

Hello Jan, Nice job of explaining some of the more important aspects of the NYSEBP. However, because it is being cussed and discussed so much right now, you might want to revisit your statement that "The NYSE BP is 5000 + stocks spread between Dow and Nasd that are more representative of the average portfolio." The NYSEBP is composed and calculated from approximately 2000 stocks taken from the NYSE. It basically removes preferreds and other non-equity issues from the 3000+ stocks trading on the NYSE. The Option bullish % index is somewhat more than 2000 issues and is more responsive than the NYSEBP because it has large cap, OTC small/mid and large cap etc. Take care, Eric