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


To: XOsDaWAY2GO who wrote (519)2/9/1998 10:09:00 AM
From: Ms. X  Respond to of 34816
 
Hi Barbara,
Remember you can not actually see the RS chart. The chart you are looking at is the trend chart. It can differ in columns from the RS chart. The RS is based on how the stock performs to the rest of the market and moves much slower than the trend chart.
So, the trend chart shows it in a column of X's and the last signal given was a double top buy. The RS is still in a column of O's and the last signal given was a sell signal.
This stock just broke its bearish resistance line. Nice move.

Hope this helps,

Jan