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

To: Ms. X who wrote (13863)	2/11/1999 11:40:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34810

Hmmm.... Well if we are just looking at the charts they all look pretty ugly. I'm drawn to CTXS since it has a PE of 98. TLAB and IBM have PEs of 35 and 24 respectively so I wouldn't expect them to get chopped as much. Check out QWST. It hasn't broken down yet, but it does have descending bottoms. EPS -3.36, PE N/A. Didn't you say something about the TELEs reversing down? (BTW: that isn't only reversing down, that is a full-on sell signal in the BPTELE). How's Spammie the P&F Frog? JXM

To: Ms. X who wrote (13863)	2/12/1999 12:33:00 AM
From: Smooth Drive	Read Replies (2) \| Respond to of 34810

Good Evening All, With permission from CHARTCRAFT/INVESTOR'S INTELLIGENCE, here's a dash of highlights: SENTIMENT INDEX 2/12/99 2/05/99 % of Advisors Bullish 61.2 60.0 % of Advisors Bearish 25.9 26.7 % of Advisors Correction 12.9 13.3 Bulls 10 Week MA 66.5 65.9 A few of our favorite indicators as follows: 02/09/99 02/02/99 % NYSE > 10wk MA 33.26 39.81 Bear Confirmed % OPTs > 10wk MA 36.3 43.10 Bear Confirmed % NYSE > 30wk MA 40.61 43.33 Bear Confirmed % OPTs > 30wk MA 46.90 48.70 Bull Correction NYSE Bullish % 45.10 50.00 Bear Confirmed OTC Bullish % 40.30 41.20 Bear Confirmed DJIA Bullish % 43.30 53.30 Bear Confirmed OPT stks Bullish % 47.70 56.00 Bear Confirmed NYSE High Low 36.80 46.10 OTC High Low 59.9 74.20 Breadth is horrible. All three advance-declines are on sell signals and lower than 10 days ago. Long and short term bearish. Lots of down side action in the Broad Industry Bullish %'s, with 18 downmoves and only 2 upmoves (Latin America and Metals-Non Ferrous, which moved to Bull Alert). BTW Orbit, a few of my index hand chart box sizes are as follows: For Trend, the DJIA in 5 X 15; 10 X 30; 20 X 60 and 50 X 150. The DJTA at 10 X 30. The DJUA at 2 X 6. The S&P500 at 2 X 6 and 5 X 15. The NAZ at 10 X 30. The RUT at 2 X 6. Take care, Eric