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


To: Jorj X Mckie who wrote (14479)2/22/1999 4:26:00 PM
From: HoodBuilder  Read Replies (1) | Respond to of 34811
 
I hate being this "RIGHT". I sure hope this was an abberation as the cash in my account is killing me right now. The last time the market did this it was last week and we were down an equal number of points the next day.

It is probably a fair assumption that the Hi/Lo and Percent of 10 gave a buy and that is the oversold in everyone coming out today. For the sake of your puts and my cash let's hope A.G. talks this sucker down tomorrow.



To: Jorj X Mckie who wrote (14479)2/22/1999 4:37:00 PM
From: james ball  Respond to of 34811
 
yes tom new lows won out today and won't give any help to the High/Low indes which is very low. It is interesting to note that from January 1998 to Friday close the Dow Jones is up 18% and during that time there are 23,100 more stocks down than up. Tom



To: Jorj X Mckie who wrote (14479)2/22/1999 8:53:00 PM
From: James Strauss  Read Replies (1) | Respond to of 34811
 
JXM:

New Lows are improving...

% of stocks above their 200 day MA and 40 day MA have just crossed above their 10 day MA... This, along with positive McClellan Oscillator readings tells me it's time to be back in the market...

Jim