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Strategies & Market Trends : Point and Figure Charting

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To: Gottfried who wrote (740)	2/17/1998 8:34:00 AM
From: Mr. BSL	Read Replies (1) of 34812

<IBD has 197 groups, but Dorsey/Wright covers only about 41> Gottfried, DWA groups are broad and therefore cover all stocks. I find that if an IBD (or Chartcraft) group has 50 stocks, it is reliable. For example, if the DWA broad group Computers is in a column of X's, I'll start looking, in my inventory, at IBD sub groups such as Local Networks or Peripherals . If the sub group has a low %bullish (i.e. low risk), the stock becomes a serious buy candidate. About 4 times a year, Chartcraft comes out with a big book that cross references broad and narrow groups and ties the most NYSE and NASDAQ stocks to their sub group. Good luck duke60

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