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

To: bobster who wrote (1574)	3/9/1998 11:11:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Bobster, I think this is a GREAT QUESTION for Tom on Wednesday. NEWP would still be a buy on a pullback in my book. Preston

To: bobster who wrote (1574)	3/9/1998 11:26:00 AM
From: wizzards wine	Respond to of 34811

Bobster, In rethinking this, I don't think your way off base. However the principle of P&F is not time dependant rather supply and demand dependant. Thus Tom's referance to time for a RS signal is a historical data rather that a cause and effect as is supply and demand. His referance to a "typical" stock may be just that a typical stock and certain stocks and or sectors may not preform typiclly. My remark about NEWP being likely to under preform it's peers, may be misplaced. I was trying to corolate the relationship between the method of calculating the RS indicators and what that said about the stocks preformance or predicted preformance. Jan, you want to jump in any time!!!!!!! Preston