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


To: Ms. X who wrote (13191)1/28/1999 12:32:00 PM
From: Hardline  Respond to of 34809
 
Will do.



To: Ms. X who wrote (13191)1/28/1999 1:06:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 34809
 
Divine Ms. X,
I was just taking a peek at the NYSEBP, trying to gauge what a pullback might look like from here.

I could not find a decline that exceeded more than 8 boxes when initiated from the 50% (+/-) level. Additionally, if I squint my eyes just right, I see a trend line in the last couple of columns of Os (excluding the dive last summer) that would put the low of the NYSEBP at 40/42. In other words, a surfable wave down, but not the Big Kahuna.

Am I seeing faces in the clouds or .......

JXM