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Strategies & Market Trends : Point and Figure Charting

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To: mph who wrote (5937)8/16/1998 9:42:00 PM
From: PuddleGlum  Read Replies (1) of 34808
 
So now, back to p&f and a repeat of an earlier question:
With several of the disk drive makers and related companies (SEG, RDRT, WDC, QNTM, etc) giving buy signals, but with the market in such a sour mood, are these really buy signals, or are they shorting opportunities? Or should we ignore apparent shorting opportunities with the BP so low? Does our "defensive posture" mean we shouldn't take either long or short positions?

pg
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