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

To: Gottfried who wrote (740)	2/17/1998 8:34:00 AM
From: Mr. BSL	Read Replies (1) \| Respond to of 34812

<IBD has 197 groups, but Dorsey/Wright covers only about 41> Gottfried, DWA groups are broad and therefore cover all stocks. I find that if an IBD (or Chartcraft) group has 50 stocks, it is reliable. For example, if the DWA broad group Computers is in a column of X's, I'll start looking, in my inventory, at IBD sub groups such as Local Networks or Peripherals . If the sub group has a low %bullish (i.e. low risk), the stock becomes a serious buy candidate. About 4 times a year, Chartcraft comes out with a big book that cross references broad and narrow groups and ties the most NYSE and NASDAQ stocks to their sub group. Good luck duke60

To: Gottfried who wrote (740)	2/17/1998 9:49:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34812

GM, No, I do not know of one site that has all the info in one place. People using P&F are a small, but elite, group in the investor/analyst spectrum. It always gives me a chuckle when I think that Chartcraft doesn't have a website or an email address. RE: 100 minimum stocks in a group From what I've read of Tom's writings, I have not seen a specifically defined reason for the number 100. Statistics theory, the central limit theorem specifically, says that a population only has to be greater than ~30 members to allow that population to be treated as having a normal distribution and all that that implies. From observing some of the key percentage points that Tom uses, it appears that these coincide with some of the key percentage points of the normal distribution. But, I will ask Jan to ask Tom to reference or clarify the reasoning behind the 100 stock population requirement. O.K., Jan? Ben A.