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Strategies & Market Trends : Point and Figure Charting
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To: wizzards wine who wrote (3667)6/14/1998 1:03:00 PM
From: Bwe  Read Replies (1) of 34811
 
Preston,

So interesting your take on the subtleties within the p&f chart. Particularly your forward looking peak at ALK's RS chart:

>>> In todays market ALK would need a 58 with the Dow closing at 8834 to reverse back into RS X's.<<<

Finding that RS point of reversal is always interesting to me. I'm always interested in that statistic so please feel free to post it on any stock at any time. It can give you a good idea of the kind of strength a stock would need to reverse a key indicator's measure of trend.

Thanks for the interesting analysis. If you get a chance, please take a look at US Air, our portfolio play in the airline sector.

Speak with you soon,
Bruce
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