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


To: Tommy Dorsey who wrote (22915)8/8/1999 11:28:00 AM
From: chartseer  Read Replies (4) | Respond to of 34809
 
Hi Tom!

I have a PnF dilemma. I chart the DIA plus I run a RS chart based on the DJIA(DIA) compared to the NYSE composite. The past few days the DJIA(DIA) RS chart broke out into a column of X's into record territory, usually there hasn't been as much divergence between the DJIA(DIA) and the NYSE composite as the past few days. Since the NYSEBP is in Bear Confirmed and the DIA chart just recently reversed into a column of O's this divergence is making me even more paranoid than usual. I do not believe the RS chart that the DJIA is now into Buy in a column of X's since the NYSEBP is Bear Confirmed. Do you or anyone else have any opinions as to why there is so much divergence between the NYSE Composite and the DJIA(DIA)?

chartseer