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

To: The Perfect Hedge who wrote (20011)	5/14/1999 4:58:00 PM
From: james ball	Read Replies (1) \| Respond to of 34817

Let me explain my comments on CNBC today. The DJBB gave a sell signal in February and you guys and gals are probably the only ones that know that. Wall Street is just now beginning to notice rates are rising. This is serious with the DJBB and it is going to have to dig in somewhere along the way. Still noting in the way of stock indicators bar, short term indicators very high, that would worry me now. When it comes to the Fed. There is an old addage, "Two steps and a Stumble". This is why I said that on TV today. The first step is generally the one that causes the market to dive. It is the second one. Be that as it may, manage your positions as you would normally and anything that happens will not surprise you in your portfolio. Internet stocks should use 5 point boxes for guidance. If that is too painful you should not be in them. My guess is the Cyclicals will continue to be the place to be. Things change and we will be on top of it as usual and will discuss this in "From the Analyst". Tom