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

To: Smooth Drive who wrote (14761)	2/27/1999 8:22:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Very Interesting My Norwegian Friend!!!!! Norwegians Stick Together :-) Like a Lion, ever Stalking the Pray.... Very Nice work... And what software do you use to do theses charts???? Later Preston

To: Smooth Drive who wrote (14761)	2/27/1999 10:34:00 PM
From: quote 007	Read Replies (1) \| Respond to of 34811

eric, these poles drive me crazy---isn't the sox chart currently on a high pole warning? and if it is it could immediately switch to a low pole warning--if that it fact happens,in your experience would that toally change it to being more bullish???? on that same sox chart--it had a low pole warning in feb.when it reversed up more than 50% from 375---and in fact it had 2 low pole warnings from 375--both in feb--just for my own understanding--how much faith do you place on poles---and do you think the status of the nysebp influences the reliability of the poles--i.e--when it is bearish like it is now--high pole warnings are more reliable?? thanks stuart

To: Smooth Drive who wrote (14761)	2/28/1999 12:12:00 AM
From: Dennis J.	Read Replies (1) \| Respond to of 34811

Another fearless forecast for 1999, Dow at 11,500, +20% for the year. Check it out. optionsource.com Dennis

To: Smooth Drive who wrote (14761)	2/28/1999 11:18:00 AM
From: Jerry Olson	Respond to of 34811

Hi Eric after reading about HI/LOW poles, it gave me some new things to think about using that data... i realize to complete either pole<g>, you have to retrace 50%...so if i understand your post..KLIC at 31 would be the 50% retrace, and based on my read at that time, i might short it there, with sector./market/ etc bearish...and expect it to head down toward 20ish like Wizzie said... also Eric, if your read is right on the SOX index, then my initial figure of 375 was not correct...390ish to 400 would be the real resistance points...i see that now...and it would fullfill the low pole... keep those cards and letters coming, because P&F is so much more than just X's & O's...... my regards, Jerry