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

To: Ms. X who wrote (14651)	2/25/1999 10:02:00 AM
From: STYK	Read Replies (1) \| Respond to of 34816

<<We had an inkling of this a month or so ago when the DJBB gave a sell signal.>> Ms. X, The 30 Year Bond Yield index, TYX, broke a two year downtrend line 2/4/99, and two other shorter DT lines in previous weeks. If you have access to TYX, how closely does it correlate with DJBB on a P&F basis? On a possibly related note, the Nikkei 300 broke a 1 1/2 year DT line in the same time frame as TYX. In fact, the charts are very similar over the past several months. Thanks for any comment, S

To: Ms. X who wrote (14651)	2/25/1999 11:19:00 AM
From: James Strauss	Read Replies (2) \| Respond to of 34816

The Seesaw Market... ~~~~~~~~~~~~~~~~~~~ Just when I was getting excited about the long side of the market it decided to go back to its old bad breadth ways: quote.yahoo.com Perhaps Mr. Greenspan has spiked the market's bottle of Listerine..: > In the blink of an eye New Lows are soaring above 40 again... decisionpoint.com The McClellan Oscillator failed its test at the 0 line: decisionpoint.com We continue to be locked in a Dow trading range between 9600 and 9100... If this decline today holds, the Dow will drop below its 10 day MA... There is support on the 50 day MA at 9250... The chart of the Dow and S&P looks similar to the way it did last spring before the market broke its supports... quote.yahoo.com^DJI&d=1ys Note a slightly lower high than the previous high... While I'm rooting for the long side, it looks like the short side is grinding away at the market internals... Add to this the background of yesterday's Greenspeak, and you have a market with a flat to downside bias in the short term... Jim