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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (14964)	2/7/1999 2:34:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

SE if you go to Point & Figure Charting Thread...check with James Ball(Tom Dorsey), or anyone else there...they will give you the exact numbers...or click on my name and then click on that thread... in Apr-May of 98 the NYSEBP reversed to O's from the top...it then gave a sell signal in July, you know what happened then right??? this indicator is right on guy..no ifs, and, or buts... then last week the DJBB the 20 Bond index went to a sell signal, it might be foretelling much higher interest rates coming... all in all a negative out look for the near term...as I said I think we rally again right from here, but we should sell all rallies...i doubt if we hit new highs...

To: SE who wrote (14964)	2/7/1999 8:45:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 44573

Scott, The NYSEBP was at 68% in 1987 and it reversed down in early September. It didn't give the clear sell signal until the beginning of October (at 50%). I wasn't active in the market then, so I don't know how many days in advance of the correction it was, but I do know that it was one of the things that got Dorsey a tremendous amount of respect since he got all of his clients out of the market in advance of the decline. The correction brought it down to 8%. Pretty drastic. It looks like the NYSEBP reversed up on the first trading day of November. Interestingly, after reversing up 20% it reversed down again for another 8% (no sell signal though). It then went up from 20% to 72% completing the top in early March. tom