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

To: kaz who wrote (19656)	5/7/1999 8:47:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Yes, you are right - I should have expanded more on my post. The NYSE BP is what we call "flashing red" right now. Red is when it is over 70% even with a buy signal. You have two things to look at with the NYSE BP; One is the percentage on the chart Two is the signal and alert levels of the NYSE BP. Flashing red, Bear Correction in X's, is not as good as Bull Alert in X,s. The lower the percentage level the better and more available the plays. The NYSE BP here says, by being in X's, that right now the market is in our favor but not as favorable as if it were Bull Alert below 40%. If the NYSE BP reversed here with a lower top, I'd certainly be more bearish as it couldn't rally as high as the last. It's more a visual thing than a mathematical thing isn't it...