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


To: mph who wrote (13854)2/11/1999 9:28:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34809
 
PnF Posse Report.

I see Tommy brilliantly outlined what we are looking for and what the charts are probably doing at this time. Today did show more buy than sell signals but not by a huge degree.
Most of our "fave" stocks - high tech etc - have reversed into X's but are below previous highs. Their charts are still on sell signals with lower tops. Waiting for some buy signals and consolidation with some of these babies. I'll be watching the sector rotation as Tommy suggested, trying to find the good stuff.

In closing, not much to report. The DJIA bounced off the triple bottom but is at resistance. Still on a sell signal. Nasdaq has a smidge bit of work to do before it gets a buy signal. Won't know about the indicators until our main man tells us.

Y'all take care now :-)