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

To: Jerry Olson who wrote (14754)	2/28/1999 6:16:00 PM
From: Bwe	Read Replies (2) \| Respond to of 34820

OJ, I'm so glad you finally received your Chartcraft package. Tons of info, no? They could probably use a graphic designer's help for most of their publications, but come to think of it, it's part of the charm of their stuff. Please let me know what interests you in the Weekly Options Service. How 'bout those annotated charts by Michael Burke. Can't get those anywhere else. A few things..... Stu, Eric said it best, Low Poles are MUCH less effective in a NYSE Bear Confirmed market. High Poles are deadly. I'd keep a much closer eye on those in this type of market From Michael Burke in the 2/5/99 issue of Investors Intelligence: "This indicator (the NYSE Bullish %) will now most likely move below 30% before the market bottoms" The NYSEBP was at 41.1% last week. 102 Buying Climaxes the week of 2/10. 28 the week of the 17th and 12 last week. Selling Climaxes have stayed relatively low at 22, 14, and 20 respectively. The climax numbers don't yet have a climactic feel as I see it. For the bullish case, guess which of the Broad Industry Group Bullish %'s are in Bull Confirmed status.......give up? Banks, Latin America, S&L's, and Waste Management (which also happens to be a DWA Sector 5 group). With the Banks and S&L's acting well, I believe this suggests the basic foundation of the market is healthy. After this correction runs it's course, a nice opportunity is awaiting when the indicators turn. Get those lists ready. The largest spread ever still exists between big and small stocks (S&P 500/Value Line). The little guys are not yet near having their day in the sun. Big is still beautiful to the fund managers. Best to all, Bruce