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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (21400)6/17/1999 7:52:00 PM
From: Lost1  Read Replies (3) of 34812
 
Jan, re-CVS--Does the fact that the RS is in O's and that the Sector is in Bear Correction 52+ not give you any reason for concern. Am I missing something? Am I putting too much weight in these two factors? As a rule I wouldn't even consider a position in a stock with these two things seemingly stacked against it. I come across issues all the time that I want to enter (ie..good looking chart and/or breakout), but don't for this exact reason.
What am I missing?

Thanks,

Lost1
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