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Strategies & Market Trends : Point and Figure Charting

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To: Tammy DeRosier who wrote (23049)	10/15/1999 12:43:00 PM
From: OX	Read Replies (3) of 34811

new PnF Buy/Sell vs 10DMA Tammy, since my post about the DWA daily calendar buys vs. sells data, I began keeping the 10DMA of the buys vs. sells and have some interesting preliminary results. You and others have probably observed this too, but here are my views anyway... since 8/16 I took daily buys divided by sells ratio (B/S), and also kept a 10 day simple MA on it. (prior to calendar buys/sells, I used to keep a ratio of new DTB vs DBS which was a close approximation of new buys/sells) I have noticed that when current B/S ratio drops under the 10DMA, that signals a sell. Over 10DMA, a buy. Kind of obvious, but it took for me to keep the data to show me. Now, if I had some really fast machines and lots of programming I could get an intraday read of new buys vs new sells w/o having to wait for EOD ;-) For the short time I've been keeping it, it's actually been pretty reliable on short term market turns; having intraday data would make it even more so.

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