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Strategies & Market Trends : Point and Figure Charting

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To: Duke who wrote (3890)	6/18/1998 9:15:00 PM
From: Ms. X	Read Replies (2) of 34823

Why of course Duke, love to. When sectors start to decline, we look for them to come down to the "green zone" and under the 30% area. This gives us a Bull Alert and great "field position" once the sector reverses back up. What I have done is found the stocks in the sectors that are currently below the 30% who have retained their positive RS and have not violated their bullish support lines. Some may be on sell signals but are not below the bullish support line. Having a positive RS means that the stock has been outperforming the market. Being above the bullish support line means the stock has not violated the main bullish trend. Once it violates that line, the stock is no longer a solid citizen (so to speak). It is fairly impressive if a stock can hold both the RS and the trend while the sector is in a decline. Remember, 80% of a stocks movement is effected by the sector and the market. These I've selected have maintained a positive trend while both the market and the sector have gone negative. Of course, you have to check the FA and the charts individually on these that I have listed, but it gives everyone a good inventory. Take care, Jan I am

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