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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (991)	7/17/1999 6:44:00 PM
From: chartseer	Read Replies (1) \| Respond to of 2103

Hi Jim! The draw back of Point and Figure charts is that they are most bullish at the top and most bearish at the bottom. Therefore you need to run a BP to shall we say measure the sentiment. As the sentiment increases above 70% you know you are nearing a top. Then a buy signal in the Point and Figure chart is not as meaningful as a buy signal when the BP is below 30%. The other side of the same coin is that a sell signal when the BP is below 30% is not as meaningful as a sell signal when the BP is above 70%. Each compliments the other. Hope I made my self clear. then again what the heck do I know? chartseer