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

To: iGregor who wrote (9267)	11/4/1998 12:57:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 34811

East, thanks for the data! Even though I subscribe to DWA, I found your table the best way to update. Have started an Excel spread sheet. Gottfried

To: iGregor who wrote (9267)	11/4/1998 1:15:00 PM
From: Mr. BSL	Respond to of 34811

Thanks a bunch for the info East Pole. I really appreciate it. Dick

To: iGregor who wrote (9267)	11/4/1998 1:16:00 PM
From: Bwe	Respond to of 34811

Random notes from Chartcraft and my interpretations of the weekly data: Survey of Investment Advisors: Bulls: 47.8% (last week 45.3) Bears: 38.3% (39.3) -At and around 45% bulls and 35% bears is the average reading for a bull market which is what we're in once again according to our trusty p&f indicators. If we get over 50% bulls next week, it might be a good idea to think that we might be approaching a short term top in the market. -Both the % of 10 and the Optionable % of 10 are now in overbought territory. The DowBP is also in overbought territory. -A very interesting Bullish % that is not widely discussed is the Investor's Business Daily Industry Group Bullish %. Last week, the IBDBP turned up from under 20% for the 9th time in 40 years. Each time save one ((9/69) represented either a good or excellent buying opportunity. The IBDBP is in Bull Alert status and is another brick in the wall of the bullish case for the market. -Chartcraft's Broad Industry Group Bullish % sum rose to 31.5% from 28.5% last week. -Chartcraft added Intel (INTC) to it's long term portfolio yesterday and Scott's Co. (SMG) last week. They also like the Fidelity Retailing sector fund as well as the Rydex Energy Service fund. Best regards, Bruce