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Strategies & Market Trends : Point and Figure Charting

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To: the options strategist who wrote (3335)	6/2/1998 1:14:00 PM
From: Dennis J.	of 34817

Proctor & Gamble (PG), 3-point breakout at 86 this AM Hi Jan, Thought you might like to look at this one. It's one of Gene Peroni's (Janney Montgomery Scott) 10 stocks for 1998 (most have done well). Up in a down market, great relative strength. Gene's target is about 100, so there may be a good move left. PG has been on a RS buy continuously since 1989! Doesn't say much about RS as a timing tool, as the data are now plotted, 3-pt reversal, etc. I think the methodology needs work to make it even more useful. Perhaps a two-box reversal, or 3-box reversal with each box at 1% on a log-scale. Let's have some discussion on this from others. More later, Dennis

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