Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ms. X who wrote (10585)	12/1/1998 2:15:00 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34818

Jan, My aren't we up late tonight.... Looks like the NYSEBP and Option BP are still ok, can you verify??? Thanks sweets, Tom P.S. In SJ tomorrow through Friday.

To: Ms. X who wrote (10585)	12/1/1998 4:18:00 AM
From: Chris	Respond to of 34818

support for mkt will be 9000 dow and 1150 spx haven't forgotten about you jan.

To: Ms. X who wrote (10585)	12/2/1998 10:47:00 AM
From: Margaret Mateer	Read Replies (2) \| Respond to of 34818

Morning Jan or Preston, I just checked DWA's BP charts and the NYSE and the OP look fine - the question I have is about the 10 Week BP chart - the 4 box retracement into Os recently has me wondering how a real PnF expert reads this first "hair trigger" caution signal - it looks to me, in light of the other BP charts that it is just a sign of the market taking a much-needed "breather". The pause started at the 78% level (overbought?) though...can this also be a first warning that a top could be coming in the not too distant future? I see that this indicator took a big nosedive in late March and throughout April, then retraced back up about 1/3 of the way in early May, followed by another big drop in May, etc...so, can you explain how the PnF expert "sees" this indicator and interprets it relative to the other BP charts? Thanks, as always, Peggy edit: yikes, Jan, just published this message and saw that you had posted re: the 10 week - do you think the 10week BP reversal means consolidation in the overall market or time for some beginning to implement defense?