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Strategies & Market Trends : Point and Figure Charting

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From: Fintas

2/25/2017 9:05:18 AM

Read Replies (1) of 34823

RS Charts. So let's take a peek using a few posts.

And I'll use GE since ..disclosure I own it LONG term and core off 9.11. The bottom was 5.87.

SO GE.. A pain in my profitable arse. Why I say that is there's a gap DOWN in the 34 area and I've been waiting for a long time for it to be filled. IT WILL

What this chart will not show is the handful of opportunities via Leaps or writing calls.

So as ANY look at it. what do you see. I see a RSI that is in X's IF one uses the SPX versus the DEFAULT SPXEWI.(that's the next chart I'll put up).

I can determine by a glance where it will turn in either direction.

I can project as one who is positive what the upside can be IF GE'S FA stays in tact, the world stays in tact and GE adds another 2 X's to break out at 1.6555 to move towards the 2.6.. The RSI closed in the 1.27 area. One can do fast math to determine GE needs a 20% move to take out that 1.655.

Unless SPX drops and GE goes against the grain then I expect GE to outperform the SPX. It pays a near 3% dividend.

If I use the SPXEWI as the divisor I can see where the 0's turn to X's and then also see the same 60 Target.

I am more focussed on the LONG side and the foot print GE has to understand to me it's my next JPM.. My next MSFT going forward.

However where I didn't see a 120 for JPM at 60 i.e another double. I can see a 60 for GE off the 30. And given my cost basis it continues to be a LONG term play while also considering when to buy the next call or in fact let someone pay me if the calls get ahead of themselves.

So let's take a peek and after I put this one up I'm going to show the SAME stock using the SPXEWI ( the I is a Dorsey thing).

This chart uses the SPX for the divisor..

Finally I can also look at GE as to how it's performing re it's RSI and it's PEERS. Dorsey offers that as well. It let's ya know if GE is leading the pack re it's peers or not. Fintas

98	01		02		06				11	12	14
		99					07						15
		00					08
							09
4.8277															4.8277
4.5331															4.5331
4.2564															4.2564
3.9966		9		5											3.9966
3.7527		4	O	X	O										3.7527
3.5236		C	O	X	O	7									3.5236
3.3086		A	1		9	X	O								3.3086
3.1067		X			O	X	O								3.1067
2.9170		9			4		A								2.9170
2.7390		8					B								2.7390
2.5718		X					1								2.5718
2.4149		X					4								2.4149
2.2675	O						5								2.2675
2.1291							6								2.1291
1.9992							A								1.9992
1.8771							B								1.8771
1.7626							O								1.7626
1.6550							1								1.6550
1.5540							O	X		X		9			1.5540
1.4591							O	5	O	9	O	X	O	B	1.4591
1.3701							2	4	O	X	O	X	O	X	1.3701
1.2865							O	X	6	X	B		9	X	1.2865
1.2079							O	X	7				1		1.2079
1.1342							3	X							1.1342
1.0650							O	X							1.0650
1.0000							O	X							1.0000
0.9390							O								0.9390
0.8817															0.8817
0.8278															0.8278
0.7773															0.7773
		98	01		02		06				11	12	14
		99					07						15
		00					08

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