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


To: Ms. X who wrote (2983)5/12/1998 6:50:00 PM
From: Lucretius  Read Replies (1) | Respond to of 34809
 
RE:this bullish reversal signal: how are we looking after today's narrow advance? Lots of triangular formations out there in the indexes and internet stocks????



To: Ms. X who wrote (2983)5/12/1998 7:02:00 PM
From: Mr. BSL  Read Replies (2) | Respond to of 34809
 
Hi Jan. Busy thread today! For those of you who may be, for
whatever reason, researching BUS - I ran an RS chart (vs. the
S&P500) for it using the 2% log scale on Ben's software and found
that it gave an RS buy signal in February and the RS is currently
in a column of X's.

This is a case where the traditional RS chart is so low that
it takes a huge run up for a stocks RS to reverse.

FWIW

Duke