Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gottfried who wrote (1158)	2/26/1998 6:28:00 PM
From: bobster	Read Replies (3) of 34811

All, If anyone cares: Seems that I recall of bunch of us on this thread are involved with the Oilfield Sevices/Equipment sector. Tomorrow's Value Line will show a drop in that sector from 1st to 4th out of their 94 sectors. They have had it ranked first since mid August. Great timing!! Their rank will probably go lower over the next few weeks because it is so heavily weighted on long term RS. Their rankings have not worked too well for a while now. Last year, their performance relative to the market was poor. On the other hand, it seems to me that the P&F charts have called this sector pretty well. Bullish Confirmed might have come a little bit early, but still pretty well I think. If I understand it correctly, what happened yesterday ( the reversal down in the sector) is called a Bull Correction, which does NOT mean to go sell everything, it just means to be cautious, but that the bull market in the sector is still intact. More and more impressed with this P&F stuff every day, bobster

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next