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


To: Tigress who wrote (21421)6/18/1999 10:19:00 AM
From: Ms. X  Respond to of 34812
 
I don't understand the ++6 or ++2, that is not something I recognize.

Momentum does play a part especially for trades.
If a stock is in a column of X's and the momentum flips negative, it probably will pullback some.
If a stock is in a column of O's and the momentum flips negative, the pullback is probably over.

Momentums I think last about 12 weeks (daily and weekly). Getting a stock when the momentum has just flipped one way or the other means you should enjoy some time in that particular trend. Of cours, we know that things can move faster than 12 weeks, so always it has to be watched.

I'm doing OK. Just had a massage last night... ahhhhhh.