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Strategies & Market Trends : Point and Figure Charting

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To: Ditchdigger who wrote (19723)	5/9/1999 11:49:00 AM
From: Ms. X	Read Replies (2) of 34811

Sectors can stay above the 70% level for some time, same with the market indicators. You never really know how long until they reverse down. If a sector is high you want to pay special attention to your stocks and the RS. I have found that stocks seem to make the greatest advances when the sector is in the over bought area. This may not always be true but it is something to watch. Don't sell your stocks until the chart gives you a reason to or the sector turns negative. If you see they are starting to break down, pay close attention to RS, momentum for both the stock and the sector. Decide stop loss etc. The momentum chart for Oils (MOOILS) is in X's but down on the week. The BP for OILS is up on the week. The RS is even on the week. No real big change at this time. Jan I am

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