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

To: james ball who wrote (13990)	2/14/1999 12:33:00 PM
From: Allan Harris	Read Replies (1) \| Respond to of 34811

Tom-nice article at the web site today on magazine covers as trading signals. You might want to consider sentiment on SI as another contrary indicator. Throughout this magnificent bull market, every 5% dip in the market brings out doomsayers across the spectrum of fundamental and technical SI threads. Each time, this bearishness was met with a major buying opportunity, usually within a few days/weeks and normally within a few percent of the actual low. For clues, look for topics with "Crash" in the thread titles to be in the SI Hot topics list. > The Dow Jones is now at 9300 and the Percent of Stocks Above Their Own 10 Week Moving Average is at 33%. What does this mean? I think this means that the next BUY signal will be coming shortly. A