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

To: The Perfect Hedge who wrote (11900)	12/23/1998 9:20:00 AM
From: wizzards wine	Respond to of 34816

Beebs, The NYSE reversed down some time ago buddy and is now down to 51ish... Where have you been :-) Later Preston

To: The Perfect Hedge who wrote (11900)	12/23/1998 1:08:00 PM
From: Paul V.	Respond to of 34816

Beeblebrox,can you summarize what thsi means?When the sectors start moving down is that the beginning of the reversal in the NYBP?* Jan I AM can answer your question better than I. IMO, I rely on the sectors above the 70% as in the overbought area and for me I normally stay away from that sector since they statistically will be going down. The reverse is true for the stocks in the sectors below the 30% ranking. I, personally, play the statistical data along with following the individual DW stock patterns and buy Gorilla stocks INTC in those sectors below the 30% rank. It has worked very well for me. A good book which I have read is, "The Gorilla Game". To me, the Leading indicators give us some indications where the market "may" be going in the short term but as Tom will tell you the NYSE indicator is the one to follow for the long term. Wizzard and Duke60 and of course Tom can add to my interpretation and things which I may have left out. Just my opinions Paul V.