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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (14321)2/20/1999 1:33:00 PM
From: quote 007  Read Replies (2) of 34811
 
jerry,
i agree with you--but it seems to me from my observations that low poles work best when the market is on an upswing--i would be tempted to wait for the short term indicators--high/low--etc to reverse before playing these--in the mean time i am more inclined to buy puts on stocks like wcii,ctxs,bbby,bby,mot,mu,vrtx,xlnx,psft,etc--of course i need to check out the realitive strength--these all in my opinion are high pole type stocks--and since the indicators are bearish would be better on the risk reward --

am i on the right track???--bruce--tom--jan---

thanks
stuart
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