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To: HairBall who wrote (56227)	10/24/1998 2:30:00 PM
From: donald sew	Respond to of 58727

LG, IBM still looks like a strong uptrend, but MSFT has already set a LOWER LOW and is in the process of setting a LOWER HIGH. Since you mentioned your ADVANCE DECLINE indicator - Per the following chart the advance/decline diverged to the downside but the DOW did not set a lower low, and some believe that such was an indication of a bottom: decisionpoint.com Using that arguement, look at the next chart: decisionpoint.com Can we use the same arguement but in reverse. Look at the specific period of late SEPT and now. Notice the divergence in these peaks when comparing the advance/decline with the NYSE. The divergence appears to be that the advance/decline is not increasing at the same rate as the market. The opposite of the decline. Again, I am not saying that we will retest 7400, or get anywhere that low, but could this be confirmation for the short/mid-term that we are in a trading range, and that we we may be close to the short/mid-term TOP. Seeya

To: HairBall who wrote (56227)	10/25/1998 9:05:00 PM
From: Smooth Drive	Read Replies (2) \| Respond to of 58727

Hello LG Thank you for the very interesting post. Especially interesting to me as I'm creating a group of point and figure based indicators for short, intermediate and LT market looks. I'm using the standard P&F market indicators popularized at Chartcraft, but with various twists (for instance I use dates instead of X's and O's). Also working on creating a few new charts based on Fosback's "Stock Market Logic" and other charts from ideas I've stolen here and there. You really caught my eye with your reference to Richard Ney. I've been looking for "Making It In The Market" and "The Wall Street Gang" but have been unable to find them (I have a request in at Amazon). Do you know where one can get either book? If I may, which book provided you with the most info/insight towards indicator creation? My chart/s/ back testing is going well and perhaps in the future I can add something to the thread's discussions. Thanks and take care, Eric

To: HairBall who wrote (56227)	10/27/1998 2:05:00 PM
From: Linda Kaplan	Respond to of 58727

Hi, LG. I've gotten behind on reading our thread because I'm trying to get ready to leave town, for a short time. I just got to your note (the one to which I'm responding. Thanks so much for posting it! I appreciate your contributions here very much and they help me with my market decisions. I still am carrying short or put positions in IBM, CMB, SLE, AMZN, KO, CGMI, ZONA and long positions in a ton of things. Hoping the short positions will pan out. Well, hoping they all will pan out, actually. --Linda