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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (739)	2/17/1998 11:05:00 AM
From: P. Ramamoorthy	Read Replies (1) of 34812

Jan & Ben - Thanks. Checked with Chartcraft. Both Dorsey and Chartcraft check out. Thought the closing price (up/down) represented the winning result for the day. For now I'll stick to the convention. RS question - The definition Ben gave is calculated relative to DOW average. In regular charting, RS is determines the strength of a stock using some weighted average. At the minimum, I was hoping RS to determine the strength of a stock relative to its peers in the sector. If DOW is used in RS calculations, the NYSE bull percent is used for the general market direction? Sounds too simple-minded! If it has worked for others, then it is OK with me. Well.. too many questions. Ram

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