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

To: genaro who wrote (8428)	10/8/1998 8:44:00 AM
From: Stoctrash	Read Replies (2) \| Respond to of 34811

Thank You... Thank You... Thank YOU!!! Added to my shorts on the SPX and NDX via the Rydex, and added to my Gold too yesterday. Had less than 25% cash...just could't let it sit there!! Watch that DXY....92 was a Fib Support, so things look nasty. FWIW, anyone looking for a place to HIDE,,, RYAIX..Rydex Arktos = NDX SHORT fund, it's a new fund!! then again, you could just "buy Bricks!!" Fred...lovin' all them "O's" that are stacking up.

To: genaro who wrote (8428)	10/8/1998 9:12:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

The newbie gets an A. You are right. That was the "other time". According to this newbie, and page 105 of the book, in '87 in August the NYSEBP dropped from 70 to 8% in October. In the same month, it reversed up to 30% till sometime in November and reversed down to 20% into December. During December of '87 from a 4 box reversal, it went straight up to 74% within 3 months. Nice ride... This reminds me about a post Tommy did on SI when the NYSE BP reversed in May. Of course I can't find the post but he said that no one really knows once there is a reversal what will happen. Will it fall all at once, will individual sectors get killed one by one, will it be a slow and painful decline... We got the later of this list this year. '87 it went all at once. The NYSE BP reversed up from very oversold levels and has now reversed down again at oversold levels. Next reversal up could set up a bull confirmed status below 40%! That is something you don't see that often - not since '87 anyway...