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

To: chartseer who wrote (12898)	1/21/1999 5:09:00 PM
From: Bwe	Respond to of 34811

Chartcraft has noticed weakness in Consumer stocks with recent RS Sell signals in KO last week, and Colgate (CL) this week. "Sentiment a big worry - more worrisome if Bearish Advisors approach the 19% level of 8/87" (paraphrased) "Indicators holding long term bullish, negative short term for the Big Board - OK for the OTC" (paraphrased) Another indicator of Chartcraft's that is great for identifying short term market direction is whether the NYSE, OTC, and ASE daily advance decline lines are trading above or below where they were 10 days ago. The OTC a/d line is still holding above 10 days ago, while the NYSE and the ASE are trading below the levels of 10 days ago. Both the NYSE and the ASE a/d lines turned down late last week/early this week. With permission from Chartcraft Bruce