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

To: Jorj X Mckie who wrote (20704)	6/1/1999 6:09:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34811

I think we wait for Fri's # first...and...the NYSEBP's number too... things will sort themselves out once we get past that date...i would think... i still think the FED will wait for the next CPI on/about the 16th before they get serious... in that time frame the DJBB could move up from here...i won't guess, we'll let the index tell us... howvever...with all the P&F indicators being in O's, if both these indexsturn down, we're in for a much lower senario .... remember the bell curve was 10,250ish..1260spx...below those supports the bottom would be much lower...

To: Jorj X Mckie who wrote (20704)	6/1/1999 6:23:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

This sell signal with the DJBB means the inflation and higher interest rate worries are not over. We were hoping the DJBB would hold and maybe create a double top buy but nooooooo... So, still waiting for the Feds to take action. As Tommy said it would probably take two rate hikes to really hit the market. Maybe they won't do two, maybe they will. Alan hasn't called me lately. Remember when we were looking at the DJBB as the one glimmer of hope (aside from the NYSE BP) that in the midst of all other indicators being negative might be a positive for the market... That glimmer fizzled out today. Now if the NYSE BP turns negative we have some serious issues. This does put us on even more alert.