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

To: James Strauss who wrote (8196)	10/3/1998 10:15:00 PM
From: james ball	Read Replies (2) \| Respond to of 34808

Don and I worked right next to eachother for many years. I ran the options strategy department and he ran investment strategy at Wheat First Securities. Don has gotten even better over the years and his discussion of the Arms index is worth watching. Marshall Wishnack the CEO of Wheat First Union now was both Don and my boss at the time. It is interesting to note that Marshall is one of the most accomplished Point & Figure Technicians on Wall Street. Tom D

To: James Strauss who wrote (8196)	10/4/1998 1:56:00 AM
From: Al Serrao	Read Replies (1) \| Respond to of 34808

Jim, do you have a link for the arms index, or can you post it each day/week on our site? Thanks.

To: James Strauss who wrote (8196)	10/4/1998 12:36:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 34808

Hi Jim interesting article...i've known about the "Arms Index", but didn't pay any attention to it...probably won't now either<g>... there are some indicators that have "some" credence, like put/calls, bulls/bears, general sentiment consensus...etc... in the short run, we should move higher right now...but i don't like what's out there in the next 2-3 quarters... we are slowing more than just preceptively...i think it will accelerate quickly...the FED will have to lower rates 2 more times quickly, to try to stem the real posssibility of recession here, and abroad... i can't see how we can avoid it...there are many indicators, specific to our economy that have just signaled trouble ahead... of course in a low inflation, low interest rate environment, stocks usually do well...but, the caveat is lower corp profits on down the road... in fact the markets are just now begining in earnest to discount that very fact...slower growth & lower profits.. IMO the biggest "real" problem out there is the good ole. USA consumer..if we stop spending, pull in our horns, all bets are off...the bottom will fall out fast & hard...i think after Xmas that exact senario will happen... 1999, for all intents and purposes can not regain the profits of the past 2-3 years...it's just not gonna happen... after listening to Ed Yardeni, and his real concerns about y2K, we can see some very nasty problems on the horizon...of course things "Could" change, but don't bet on it... it's my own feeling, that until i see the semiconductor industry turn around like it did in Nov 96, i will be very cautious in my overly zealous usual attitude in the markets and especially the techs... i've always felt the techs would lead the next rally to new highs...it can't happen at the moment...but i'll have that information well before the masses...right now things are very bleak...yes we've bottomed in the semi & semi equips, but where will it lead??? i'm not sure just yet... anyway I feel were in a "NEW" trading range...something like 7400-8400..until we break below that bottom...then it would move to 6500-7500, and adjust the prices of all stocks at that time...it's happening as we speak... Jim i'm going to trade the markets each and every week, using P&F PERIOD...let IT tell me what's "really" going on here...but I'll only trade the bog cap volitile stocks for short periods and take profits quickly... I'm about to see the Eagles get their ass kicked, AGAIN!!!! have a nice Sunday......