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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (18910)	1/17/1999 10:50:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 42787

Well Doc, basically, it's something like this . . . We get new signals every week that cover the entire market and its underlying trends. The week of Jan 7, 99 Tom Dorsey of DWA . . . exchange2000.com (The next is a good read. . .) exchange2000.com Genaro (late one evening after, what appears to be, a time of partaking in adult beverages <G>) very eloquently said the following: And he said this Jan. 9, after the Jan. 7, BPNYSE % changes (and obviously before the Vikings game today!) - as Princess Challo pointed out, I may have been a little remiss in not pointing out, P & F wise we have turned up field from mid field. P & F er's often use the football analogy to describe the current state of affairs. It is an X's and O's thing. In October we turned up field, went on offense, at about the 9 yard line, and had a great field to work in. After Thanksgiving we went back on defense around the 50 yard line after losing ground from the 58, and went into bull correction mode in P & F. When the ball, the NYSEBP%, did its required 3 box reversal to 56% recently, we went back on offense. However, as historically happens, this advance typically reverses between the 70 and 80 yard line. Therefore, we have the ball, can score with any strong equities , paying particular attention to their relative strength and price objectives derived from the column counts, but are aware that the field is getting shorter. By watching the coach, the NYSEBP%, we know what to do when things are going right, and what to do when they don't. Something Minnesota has exhibited very well this year exchange2000.com --------------------------------------------------------------- Now, the week of Jan 13, we knew things looked pretty scary. This is what Eric posted . . . exchange2000.com and Bruce . . . exchange2000.com ----------------------------------------------------------------- So Doc. I would be very cautious. S&P is above 70% (73.29%). We need to hit an intraday # of 9700 to get another buy reading. If we don't hit 9700, I think we could see another Oct-like event. At this point, (IMO) external factors will take on more importance and, of course, the earnings reports. Paul V. posts the P&F % changes from week to week on the AMAT thread. It is very informative to tract them and see how they tract the market. I've created a spreadsheet for myself and went back from last Jan. Follow it thru the July correction and see how the sectors %'s change. exchange2000.com Hope all this helps a little. Challo