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

To: Lee Lichterman III who wrote (7786)	9/25/1998 9:05:00 AM
From: Jay Scott	Read Replies (1) \| Respond to of 34808

Lee, no problem. I'm still bullish until I see a reason on the charts to do otherwise. In the meantime, I'm 100% with you. The OEX puts that I slapped on yesterday morning are working out rather nicely. Just looking for a place to cover them before the rally resumes. Sorry if this annoys anyone on the thread. We're all seeing the same things, sometimes our time frames are just slightly different. JS

To: Lee Lichterman III who wrote (7786)	9/25/1998 9:34:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34808

L3, Since you entered on the pretense of a rib... For one, the bullish percent is still moving up. It is very possible for the Dow to go one way and the NYSE BP to go the other. I'm sure everyone who follows the NYSE BP will do just fine if the Dow drops considerably. What the Dow does doesn't matter. I've been trading to the upside while the Dow has been floundering and I am doing just fine thank you. Just had to rib a little since I was one of those bears on the "other threads". Been saving this to see what happened over the next week. In answer, the NYSE BP was up another 2+%. The Dow was down. In May the NYSE BP was down and the Dow was up. Which ended up being right? Perhaps wait on the ribbing until one has something to rib... I mean this in the nicest of spirits. Just using it to try and clarify. Besides, we have never taken the stance that things couldn't change. All we said is we take it as it comes. I'll turn on a dime and become a bear if the NYSE BP turns. Until then, I'm trading the upside. I do recognize you noted that we are probably right longer term. We will see L3. It can turn but I'm not going to predict. Most can't trade the volatility effectively and their investments are longer term in nature. Take care, Jan I am

To: Lee Lichterman III who wrote (7786)	9/25/1998 10:51:00 AM
From: james ball	Read Replies (1) \| Respond to of 34808

Bernard Baruch once said he was not interested in the bottom 20% or the top 20%. He was interested in the middle 60%. He also said that when you sell a stock make sure the person who buys it from you makes money too. We subscribe to this philosophy. We are not interested in catching the bottom or top although we have been very lucky over the last 17 years to be close to it. Everything works in the right hands. This method is simple enough that even a simpleton like me can understand it. Supply & Demand, Demand & Supply, that's all there is. Tom D