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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (25470)7/17/2001 11:10:31 PM
From: Smooth Drive  Read Replies (2) of 34811
 
Hello Bruce!!

Well ---- you know that NY press<g>. Do let us know how the Son's game goes.

Now, as hard for it is for you old traditional P&Fer's<g> take a peek at ibm with a log box at 2.38.

stockcharts.com

It's even a bit harsher here with a high pole warning at the BRRL. I'd be surprised if it didn't give a sell signal and break this BLSL.

As you know a RS chart using the S&P (which I believe is far superior to the DOW) gives more signals than the traditional. The log box RS chart is not all that bad:

stockcharts.com

It has reversed down and so is underperforming short term but is some way up from the BLSL. I'd like to hear your comments, and others from the thread, as to what they thought of Clay Allen's tutorial on his RS P&F charts: clayallen.com.

Btw, we all appreciate the good work -- no, the excellent work that Atin does. It's just a matter of time before SC.com says "Too good for free -- $xxxx per month"<gg>.

Take care,

Eric
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