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

To: james ball who wrote (8368)	10/7/1998 2:08:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Thanks Tom for the sector reversal update...Is there an easier way than having to look at each chart to see the reversals as they happen??? TIA Preston

To: james ball who wrote (8368)	10/7/1998 5:25:00 PM
From: Bwe	Respond to of 34811

Just adding a little more data to Tom's sector update. I'll recopy his post and fit in the levels the sectors dropped to: Reversals are AERO (dropped from 24% - 16%), BIOM (Chartcraft has this group unchanged at Bull Alert 32%), BLDG (also unchanged according to Chartcraft), COMP (30% - 18%>, DRUG (36% -> 28%), HELATH (28%->20%),HOUSEHOLD (unchanged), INSUR (36% - 26%).,MACHINERY (16% -> 14% still Bear Confirmed), OIL (unchanged), OIL SERVICE (34% -> 18%), REAL ESTATE (unchanged), RETAILING (unchanged), SOFT (32% -> 18%), STEEL (unchanged), TELEPHONE (28% -> 18%), WALL (30% -> 22%) AND WASTE (unchanged)......... According to Chartcraft, these sectors also reversed down: Banks (30% -> 20%) Business Products: (24% -> 18%) Electronics: (18% -> 12%) Finance: (30% -> 18%) Europe: (36% -> 18%) Media: (34% -> 16%) Precious Metals (rose from 30% -> 32% Bull Alert) Semiconductors (18% -> 10%) Utilities Electric: (rose from 66% -> 80%) Utilities Gas: (rose from 38% to 44%) The groups that reversed down the necessary 6% from Bull Alert status are now considered Bear Confirmed. I'm going to elaborate on another name this reversal is referred to in a reply I'm going to write to Judy that will follow this message. Thanks to Tom for the heads up on these sector changes. Best to all. Bruce