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Strategies & Market Trends : Point and Figure Charting
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To: wizzards wine who wrote (11906)12/23/1998 11:27:00 AM
From: chartseer  Read Replies (2) of 34811
 
Will have to reread Beating The Dow once more. Thought best way was to sell your dogs at end of July and not hold to end of year. Know the Motley Fools insist that that is not wise because you are selling short term and should hold for longer period (18 months ). Personally I would prefer buying Oct 31 and selling before Labor Day. Would gladly pay taxes on short term gains. Tom you probably need another site than this one to not upset your purist for your RS Dogs. I for one use PnF but not as a purist since over the years I ve learned that there are many issues that just do not respond as expected to PnF patterns. Think I ve written this before. I ve found out that each issue has it s own shall we say personality and some constantly give false signals time after time and PnF isn t as effective as with certain other issues. This time of year some very poor charts are just reflecting year end tax selling and will bounce in a few days. IMHO Z may be one of these poor charts that a purist would not buy but a year end bargain hunter very well might purchase. Beaten down by poor earnings , charges for store closings, dropped from DJIA and now dropped from SP500. If ever an issue was beaten down this is it. What I am trying to say is PnF is not a science and there are many false signals given constantly. Don t know if AA qualifies or not. Chart recently reversed from very bullish to bearish. Year end selling? I do not know nor would I venture a guess.I would prefer CAT DD GT MMM S as DOGS irregardless of charts and RS.

Then what the heck do I know.

Chartseer
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