Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: X Y Zebra who wrote (14650)	2/24/1999 11:24:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34816

Market Update. OK everyone. Indicators down for the week, some of them stayed about the same but the NYSE, and OTC were down despite a 250 move in the Dow and 65 or so move in the Nasdaq. That tells you right there that only a few are carrying the Dow and Nasdaq upward moves. The fact is, more stocks gave new sell signals this week than new buy signals. Today it seems the market caught wind that the bonds are dropping and, gasp, interest rates might be headed higher. We had an inkling of this a month or so ago when the DJBB gave a sell signal. But, no one listens to us, they didn't listen to Tom on CNBC last month or last week and today they presented with all puff and circumstance the bond dropping and interest rates popping.... What is a PnFer to do? Last night I posted a speach about watching the indicators not the DOW or Nasdaq charts. I think you can see with today's numbers why. Unless you own those very few stocks that are moving up, the Dow or Nas means nothing to you. Let's keep watch and see what happens. DWA will alert us immediately if there is any change to the indicators. What we like to see is the High Low and 10 week move together. If the Optional BP reverses up (no where close) we are set to go on a rally. OTC reversing up would be helpful too. Of course, the NYSE BP is our main coach, our dance partner..our PnF blankie...