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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (4882)	7/18/1998 8:27:00 PM
From: Ms. X	Read Replies (1) of 34811

Might I interject for a moment... :-) As a reference to whether using the RS as a tool to selecting stocks: Recently, I chose 8 stocks for all the usual reasons, above trend line, positive RS, good chart patterns, sector reversed up from low levels etc. etc. - but I specifically chose those whose RS had JUST reversed up into X's. Know what? Those 8 stocks are up 47% collectively in two weeks. Using an RS reversal whether long or short, is a powerful tool. Great for long term and trade purchases. Never, never, never ignore the RS signals and reversals. Did I say never? Eric, I love your posts. Your wit comes through and you just kill me. They get me thinkin' and gigglin' all at one time. For a blond, that's painful :-P

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