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Strategies & Market Trends : Point and Figure Charting

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To: Gottfried who wrote (520)	2/9/1998 9:53:00 AM
From: Ms. X	Read Replies (1) of 34816

Hi Gottfried, His site is like a treasure hunt isn't it? The distribution shows how oversold and overbought a security is in its sector. So, if it is -100% it is 100% oversold. +100% is 100% overbought. This is useful to judge an equities particular risk in its own sector. For instance, if the sector is over the 70% overbought area and has just reversed down, you would be concerned about those equities that are 100% overbought in that sector. Reversely, if a sector reverses up from below the 30% oversold area, you would want to take a close look at those that had been oversold. Does this make sense? Jan

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