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


To: Ms. X who wrote (7684)9/23/1998 10:44:00 PM
From: Ms. X  Respond to of 34810
 
Market Report for tonight.

Indicators:
Status Current Week Ago
------ ------- --------
Dow Jones Industrials Buy 8154.41 8089.78
Nasdaq Composite Buy 1760.20 1689.91
NYSE B.P -- Bull Alert X's 25.0 % 22.0 % up another box this week.
Option B.P. - Bull Alert X's 30.5 % 24.7 % up three boxes this week
Stocks Above Their 10 Wk M.A. X's 27.8 % 19.4 % up four boxes this week
Stocks Above Their 30 Wk M.A. X's 18.1 % 16.1 % up another box this week
High - Low Index O's 11.6 % 6.5 % reverses up at 12%

OTC Bullish percent up another 6% this week.

Two sectors actually declined.
Gaming and Machinery and Tools

Sectors that reversed into Bull Alert this week:
Business Products, Food/Beverages, Household Goods,
Protection Safety, Retailing, Savings and Loans and
Transports Non Air.
This leaves 23 sectors below 30% and in Bull Alert.



To: Ms. X who wrote (7684)9/24/1998 12:24:00 AM
From: Judy  Respond to of 34810
 
Jan,

Thanks for the P&F confirmation of these stocks. Aggressive position traders could have entered their positions when the market reversed up. Entry on pullback is tradeable within the context of the overall market. Noticed that INTC has RS positive but still on a sell, so we're saying the same thing ...

btw, I entered yucky AOL the day after I told you. Gonna trade this stock and get rid of my mental hangup about it.



To: Ms. X who wrote (7684)9/24/1998 1:20:00 AM
From: Nancy  Read Replies (1) | Respond to of 34810
 
Jan.

could you explain the meanings for the weekly/monthly positive numbers and the vertical count ? Is the vertical count a price projection ?

thanks.