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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Lost1 who wrote (7304)4/16/2000 4:13:00 PM
From: Tigress  Read Replies (1) of 9427
 
Lost1,

"I don't remember any mention of a RS chart being "too good" or extended. I think, and I could be incorrect, that a climbing RS is a very good thing. Just look what it would take to get a RS sell signal on that chart at this point"

You bring up an excellent point Lost1 and I hope Tommy & others will comment on this because I'm baffled ( and lacking craft).

I thought a high pole was a high pole, regardless of whether it was on a Price OR RS chart.

ADCT did extraordinarily well considering last week's debacle. However, high poles eventually correct to O's.

When DWA flashes the OTC BUY signal, if ADCT is a RS Buy but in O's, we would probably avoid the purchase (because we want RS Buy & X's), right?

So all I'm asking is should we not be concerned about a RS high pole NOW?

Can someone please elaborate on RS High Poles?

Tig
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