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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Webhead who wrote (21291)	6/15/1999 5:33:00 PM
From: Bwe	Respond to of 34824

Hi Ed, Biotech is a separate group. The Biotech group has a greater % of stocks with Bullish RS charts than 6 months ago. This is a stat that Chartcraft looks at to help determine the health of a group. By turning negative on the Drug group, Chartcraft looked at sector bellweathers whose RS had recently turned bearish in a cluster around the same time frame. They also looked at the valuation levels relative to when the RS signals were given. There's a big difference between when the Rs Buys were given and the current valuations of the stocks in the group. Hope this helps. Bruce