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

To: Judy who wrote (9478)	11/10/1998 8:53:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34811

Judy, As in humor......Timing is everything. I hear ya. Thanks, Tom

To: Judy who wrote (9478)	11/11/1998 9:23:00 AM
From: Bwe	Read Replies (2) \| Respond to of 34811

Chartcraft Weekly Data: NYSEBP rises to 58.2% from 52.8% Bulls: 53.1% Bears: 35.4% Correction: 11.5 NYSE % of 10: 78.73 % of 30: 39.08 Option % of 10: 81.8 % of 30: 43.4 Daily TIR: 55.2 NYSE High Low: 71.4 Money Flow: +12,630.46 NYSE Bullish %: 58.2 Optionable Bullish %: 72.6 OTC Bullish % : 61.6 ASE Bullish %: 33.9 (weekly high 34.1) Dow Bullish %: 86.7 The OptionableBP has now joined the % of 10 and the Option % of 10 in overbought territory. The OptionBP is a broader measure of the market than the venerable NYSEBP and is showing how this current rally ha really been broad based. I believe the TIR Composite, Chartcraft's short term indicator, gave a sell at 62%, also showing topiness evident in the shorter term indicators. The Bullish advisors are at nosebleed levels and showing a great deal of optimism, a contrary indicator. The Bullish Advisors at 53.1% are approaching the 5 year high set on 4/21/98 at 54.6%. This is a major cautionary signal. Sector action to follow. Bruce