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

To: HoodBuilder who wrote (7601)	9/22/1998 11:52:00 PM
From: Ms. X	Respond to of 34809

Market Quick look for tonight: I list the DJIA and NASD charts because I know there is interest. I want to make sure everyone knows however, that the DJIA is NOT related to the NYSE BP. One can very well go one way while the other doesn't. NYSE BP is our leading indicator. It appears that the DJIA and NYSE BP seem to be in the same upward trend currently. The DJIA reversed back up on its chart today creating a much higher bottom than previously. 8150 O <--Next double top buy (?). 8100 O X 8050 O X O 8000-O ----X --X O -------------- 7950 O X X O X O X <--Today's reversal up 7900 O X O X O X O X 7850 O X O X O X O X 7800 O X O X O X O X 7750 O X O X O X O <--Higher bottom (demand) 7700 O X O X O X <--First sell signal.(?) 7650 O X O X O X 7600 O X O X O X 7550 O X O X O 7500 O X O --------------------- NASD reversed up and gave a buy signal today. 1720 1710 1700 O ------------X <--Today's reversal and buy signal. 1690 O X X 1680 O X X O X 1670 O X O X O X 1660 O X O X O X 1650 O ----X O X O X ------------ 1640 O X O X O X 1630 O X O X O X 1620 O X X O X O <--Higher bottom 1610 O X O X O X <--First sell signal (?) 1600 O X O X O X ---------------- 1590 O X O X O X 1580 O X O X O X 1570 O X O X O 1560 O X O X 1550-O X O ---------------------- 1540 O X 1530 O X 1520 O X Bot 1510 O X 1500 O X ------------------------ 1490 O X 1480 9