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

To: wizzards wine who wrote (1567)	3/9/1998 9:38:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Preston and Bobster.... I just had to bring in some female mush... You guys, talkin' the RS stuff and sounding so professional. I'm moved to tears I'm so proud! Really, you guys impress the bajeebies out of me :-) Jan I am

To: wizzards wine who wrote (1567)	3/9/1998 11:01:00 AM
From: bobster	Read Replies (2) \| Respond to of 34811

Thanks for all your help Wiz, But I some more! Help!! Back to my example using NEWP. I'm still not clear on your opinion. TD makes a point of saying that you should try to buy stocks that have given a recent ( 6-12 months) RS Buy signal. Again, he says this because the "typical" stock only gives a signal every 2-2.5 years or so. Buying it early in that time frame will usually give you a good run, or at least increase your odds. So, wouldn't the inverse also work. A stock with an unusually old sell signal seems likely to change direction sooner than one with a new sell signal? Does this make sense?? Or am just way off?? Based of this, is NEWP really likely to under-perform its peers.? I realize that one answer to my question would be to just wait for the signal reversal. And I'm sure that would make sense. But it really isn't my question. I'm trying to get a handle on the relationship between time and certain P&F signals, especially since Tom put such emphasis (mentions it a bunch of times in his book) on it. bobster