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

To: Ms. X who wrote (15487)	3/11/1999 12:31:00 AM
From: Smooth Drive	Respond to of 34811

Hello All, Here's just a tad, or a pif -- if -- you will, from CHARTCRAFT -INVESTORS INTELLIGENCE daily report: SENTIMENT INDEX 3/12/99 3/05/99 % of Advisors Bullish 49.1 50.9 % of Advisors Bearish 32.5 32.1 % of Advisors Correction 18.4 17.0 3/09/99 3/02/99 % of NYSE > 10wk MA: 35.29 28.11 Bear Confirmed % of OPTs > 10wk MA: 41.90 33.10 Bear Correction % of NYSE > 30wk MA: 40.94 38.00 Bear Confirmed % of OPTs > 30wk MA: 48.40 45.50 Bull Correction NYSE Bullish % 39.40 39.10 Bear Confirmed OTC Bullish % 41.60 40.80 Bear Confirmed DJIA bullish % 63.30 46.70 Bull Confirmed OPT Stks Bullish % 43.60 41.40 Bear Confirmed NYSE High Low Index 31.90 23.10 INDICATORS continue to be Bearish, both long and short term, but reversing up from oversold. When the NYSE 10wk hits 36 it will reverse up to Bear Correction. You'll notice the DJIA Bullish % reversed up. You can keep this one yourself and update it daily. I've been doing that and recording the close whenever there is a change. Just put the 30 in DWA and it will tell you what % of stocks are on a buy signal. STATUS CHANGES in the Broad Industry Group showed oil reverse up to Bull Alert. Gaming and Leisure moved back to Bear Confirmed and Europe moved to Bull Alert. 3 moved up and 18 went lower. The Bullish % sum moved down 2.5. Take care, Eric