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

To: Paul V. who wrote (15426)	3/10/1999 3:52:00 PM
From: james ball	Respond to of 34816

That symbol book si now updated constantly and we don't do anymore books. Next your analysis is right on. Semi did reverse up as did oil. We discussed oil and oil service and recommended some stocks in our report of March 8, 1999. Yes only a few sectors moved up and the vast majority moved down. The Dow Jones up almost 400 points and 18 sectors moved down and 3 moved up. Three changed risk levels. So the sector distribution shifted more to the left or oversold. side. Today oil is making the Dow Jones move up with the breadth still not good. Short term the HighLow is on a buy but the percent of 10 missed a reversal by a hair. I'll call it reversed as it was truly by a hair. Net new buy signals were less than .5% in the NYSE so no real power in the market when it comes to the battle between new new buy signals and net new sell signals. We're long on a short term basis with stops entered. SNE would stop out for a profit at $95 now which is a 3 box reversal from the high today. Tom