Point & Figure - Beginners (Real Green) Message Board

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Strategies & Market Trends : Point & Figure - Beginners (Real Green)

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To: Tigress who wrote (16)	12/28/1998 12:37:00 PM
From: leslie jo	Read Replies (1) of 322

You wrote: 4) On 12/21/98 EGGS had a TT, on 12/24/98 it had a Bull Catapult. On 12/24 EGGS' Momentum Reversed Neg at the same time it had a Pos Brkout. How is a Neg Momo possible? And could that ever be the first sign of a sell signal? ******* I received an e-mail back from Jay Ball @ Dorseywright concerning your above question. I asked him if reversal into O's would cause the change from positive momentum to negative momentum and if there was a delay when momentum change is posted. I asked the question because I noticed Eggs' momentum turned positive when it reversed into O's and momentum turned negative when it reversed back into X's into a bullish catapult formation. He stated the following: No, there is not a delay although some items like change in trend we will leave up for 2 days. In this case (Eggs) the momentum flipped negative with this week's calculation. The column of the chart has no relation to the momentum calculation. The momentum is a calcualtion using a 1 week and 5 week moving average which is weighted and smoothed. We then look for cross points. If the 1 is above the 5 then it is positive. jay LJ

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