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


To: james ball who wrote (20465)5/27/1999 12:27:00 AM
From: James Strauss  Read Replies (1) | Respond to of 34809
 
Tom:

Excellent market analysis here and on CNBC...

As a backup to your advice to go slowly, here is a view of the McClellan Summation Index...
decisionpoint.com

Note the formation of a right peak in a double top pattern...

This Index moves slowly and has a good correlation with short to intermediate term moves in the market...

With the ups and downs today, this doesn't yet look like a market turnaround... A look at the broader S&P 500 shows a downtrend in place...
decisionpoint.com

Until this downtrend reverses into an uptrend, caution should be the watch word...

Jim



To: james ball who wrote (20465)5/27/1999 12:40:00 AM
From: Paul V.  Respond to of 34809
 
Tom, I e-mailed you and Jay but thought I would probably catch you on this site first. In charting out the leading indicators today I the 10week and the 30week charts would not come up. You might have a database problem. I am sure you would not drop two of the leading indicators.

Just checking.

Thanks,

Paul



To: james ball who wrote (20465)5/27/1999 5:27:00 AM
From: faqsnlojiks   Respond to of 34809
 
Geez Tom...what a great post.

Thanks,
-Joe
(even though I bought some GNET today, I'll be trying to stay focused) :*)