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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (712)2/16/1998 8:09:00 PM
From: Mr. BSL  Read Replies (2) of 34826
 
Jan,

A Question for Tom:

An RS chart may be in column of O's down to 1 1/2. (For example a $12 stock with DJIA at about 8000) It would take a move up to 2 1/4 to begin a new column of X's. This three box move means the stock would have to go up 50% better than the market. This means the big move would have already taken place before an RS signal was given.

If I find a $12 stock that meets the rest of my screens, should I use different factor to get a more responsive RS chart?

thanks

duke60
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