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

To: Ms. X who wrote (19722)	5/8/1999 12:09:00 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 34811

Hi Jan, et al..Would appreciate any opinions on the oil sevice index,,,BP of 74% and a spread triple,almost a quad,at 80(if it gets there)..I'm figuring we're pretty well overbought, yet many of the components retraced some of their gains last week and actually finished strong the last half hour on Fri....as you know,I'm loaded to the hilt with FLC(would like to hold for a few years,but hate retracing the 50% gains I've made)..TIA,DD

To: Ms. X who wrote (19722)	5/8/1999 1:45:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 34811

If the bullish % for the drugs sector drops from 34 to 30, are we still considered to be in bull correction mode? What about the case where it drops below 30, would it then become bear confirmed? TIA