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

To: wizzards wine who wrote (14135)	2/17/1999 11:40:00 PM
From: h.l. meeks	Read Replies (2) \| Respond to of 34809

I'm an experienced technician, but I've somehow missed p and f charting completely, until now. Would anybody care to help a newbie out and recommend the best book or website where I can get the basics, simply explained?

To: wizzards wine who wrote (14135)	2/18/1999 12:13:00 AM
From: Smooth Drive	Read Replies (2) \| Respond to of 34809

Hello Preston, With permission from CHARTCRAFT/INVESTORS INTELLIGENCE, here's just a smidgon of their daily market data: SENTIMENT INDEX 2/19/99 2/12/99 % of Advisors Bullish 55.7 61.2 % of Advisors Bearish 28.7 25.9 % of Advisors Correction 15.6 12.9 A few indicators as follows: 2/16/99 2/09/99 % NYSE > 10 WK MA: 29.91 33.26 Bear Confirmed % OPTs > 10 WK MA: 36.10 36.30 Bear Confirmed % NYSE > 30 WK MA: 38.83 40.61 Bear Confirmed % OPTs > 30 WK MA: 46.10 46.90 Bull Correction NYSE Bullish % 41.70 45.10 Bear Confirmed OTC Bullish % 44.00 48.30 Bear Confirmed OPT stks Bullish % 43.40 47.70 Bear Confirmed NYSE High Low 23.20 36.80 OTC High Low 39.10 59.90 Paraphrasing a few of Mike Burke's comments: Breadth continues to be horrible in all the different ways we look at it. Indicators continue to be bearish, both long and short term (short term is now oversold). Bonds continue to be bearish and this suggests the current correction will be worse than the last two. In sentiment the bulls are finally decreasing from a 12 year high and the bears increasing. In conclusion, the indicators are negative and we are getting more defensive. As always, if our indicators change, we will change, but for now keep the defense on the field. BTW, for anyone interested in one of my favorite indicators, the Dow Jones 20 Bond Average, I stuttered and sputtered about that little jewel at Message 7842134. For the sake of discussion, it has now dropped down to 105.4, and that sets it up for a low pole buy signal if it was to reverse back up to 106.4 (but I do'n thin so ri now Lucy). Take care, Eric

To: wizzards wine who wrote (14135)	2/18/1999 12:33:00 AM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 34809

wizzie-- Is it time to put the semi's yet?specifically,NVLS? TIA.... B*