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


To: Mr. BSL who wrote (7656)9/23/1998 5:56:00 PM
From: Bwe  Respond to of 34823
 
Chartcraft Report: NYSEBP rises another box to 24%(Bull Alert)

-NYSE Bullish % moved up another box to 24% and has an actual reading of 25%

Weekly Data: * indicates reversal

Optionable Stocks Bullish %: 30.9 (Bull Alert)
OTCBP: 27.1 (Bull Alert)
ASEBP: 21.6
DowBP: 46.7

NYSE Stocks Above Their Own 10 Week MA: 27.76 (Newly Bull Confirmed)
30 Week MA: 18.10 * (Bull Alert)

Option Stocks Above Their Own 10 Week MA: 29.9 (Newly Bull Confirmed)
30 Week MA: 22.6 * (Bull Alert)

Bullish Advisors: 36.2%
Bearish Advisors: 45.7%

Slight drop in Bearish advisors from last weeks 47.5%. Longer term % of 30's reversed up to Bull Alert for major positives.

Groups Newly Bull Alert:

Business Products: 20%
Foods: 28%
Household Goods: 22%
Protection: 18%
Retail: 26%
S&L's: 22%

Groups already Bull Alert and moving up:

Aerospace: to 24%
Banks: 26%
Biomedics: 24%
Computers: 24%
Drugs: 32%
Electronics: 16%
Healthcare: 26%
Insurance: 30%
Latin america: 14%
Oil: 20%
Oil Service: 30%
Precious Metals: 20%
Software: 24%
Telephone: 22%
Wall Street: 28%

Take care,
Bruce