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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (11066)12/7/1998 12:28:00 PM
From: Hardline  Read Replies (1) of 34816
 
Question related to News vs P&F

Today I took profits today on EDS. The reason is that over the pass two months they have hit a high of 42+. The first time was when they were added to the SP500, the second (today) is because an incorrect news report came out from Merrill Lynch putting them on their top stocks list (it was EDS's competitor CSC not EDS).

The question is, did I do the right thing even though the chart looks good (except for the RS O) because of their reaction to those 2 events?

Hardline
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