Point & Figure - Beginners (Real Green) Message Board

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

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To: steve wong who wrote (269)	4/15/1999 9:23:00 AM
From: wizzards wine	Read Replies (2) of 322

Morning Steve...If you will go to the RS chart in the upper left corner of the chart and click on it the following will make more since... RS is calculated by taking the stocks hi or low for the day and dividing it by the DOW close, I think??? Then multiply the result by 1000 and plot it on the chart... CYCH was in O's but has had a faster gain than did the DOW thus, the resultant number gets bigger and you got the 3 box reversal up... Try this on several stocks, or look at a stock in O's and play the game of how many points gain would the stock need to make for the DOW at a given number... Again, what this is showing...is a relative relationship between the strength of the issue and the DOW....If it's in X's is likely outpreforming the DOW and conversly if it's in O's it's likely underpreforming the DOW.... The Buy and Sell signals are just like regular P&F but only indicate the overall trend of the strength...You want RS in X's going long in general...and RS just turning to X's is usually a good sign as the average period in a reversal of RS is something like 7 months from my old memory....go back and reread the book on Relative strenght.... Hope that helps, Later Preston

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