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

To: Al Serrao who wrote (23680)	9/22/1999 11:04:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34808

Regarding momentum, I once took a look at trading by the turn of momentums and found that it is only useful combined with other PnF signals. The life span of a momentum is about 12 weeks. If you buy a stock that has been 12 week positive momentum you would want to watch it or maybe wait for a pullback. If the momentum just changed to positive and the chart confirms a good buy, it is a good time to enter. You don't have to stay away from the stocks but maybe monitor them for pullbacks if the momentum is at 12 weeks or above.