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

To: mph who wrote (12849)	1/20/1999 4:26:00 PM
From: Smooth Drive	Read Replies (1) \| Respond to of 34806

Hello All, With permission from CHARTCRAFT/INVESTORS INTELLIGENCE, here's a few highlights from their daily Market Data: SENTIMENT INDEX 01/22/99 01/15/99 % of Advisors Bullish 60.3 60.0 % of Advisors Bearish 28.9 30.0 % of Advisors Correction 10.8 10.0 Bulls 10 Week MA 65.3 64.5 01/19/99 01/12/99 % of NYSE > 10wk MA 47.71 51.84 Bear Alert % of OPTs > 10wk MA 52.70 58.50 Bull Confirmed NYSE Bullish % 54.4 58.4 Bull Confirmed OPT Stks Bullish % 63.2 66.9 Bull Confirmed DJIA Bullish % 43.3 70 Bear Confirmed NYSE High Low Index 66.2 76.9 Long term bullish but short term bearish. NYSEBP is down almost 4% from a week ago. 52% would reverse it down again. Bullish Advisors highest since 60.8% on 8/28/87. However, bears are higher now and technicals are better too. "But at this point it is more comfortable to be taking chips off the table than putting new chips on the table." "Our Model is still Bullish and this should be a correction, but we are being a little bit cautious and we are starting to show some signs of weakness." Take care, Eric