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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (10550)	11/30/1998 1:20:00 PM
From: Dennis J.	Read Replies (1) of 34811

CD RS? CD has risen from 6.5 in October to near 20 today. That's a triple. The RS indicator moves from 1.25 up to 1.63 (latest calc), or up 30%, and still no reversal. And the RS must move back to 2.0, or up a full 60% vs the Dow on a RS basis, just to print a col of X's. This indicator just doesn't do it for low-priced stocks. We need a 3% or 6% reversal chart, or convert the RS calc to yield a number in the 50 range, so it becomes more sensitive. THEN we can rely on it for trading. Right now, it is no help at all, at least for judging CD. All JMOO. Dennis

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