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


To: Judy who wrote (8272)10/6/1998 12:33:00 PM
From: James Strauss  Read Replies (1) | Respond to of 34811
 
Judy:

We are still in a BEAR market... So, any rallies should be viewed in that context... We have a poor earnings Qtr to get out of the way... Not a good area to launch a fresh Bull from... In the next two months there will be a bunch of tax loss selling... Some time in December we should be ready for a Bull resumption... So yes, the 8100 and 8500 Dow targets are resistance points from which we may revisit the lows again...

Jim