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

To: Al Serrao who wrote (3763)	6/16/1998 4:35:00 PM
From: Ms. X	Respond to of 34811

Hi Al, You are thinking along the right lines but I think I know what is confusing you. The RS is in a buy, meaning the last signal given on the RS chart was a buy signal (most likely a double top). Since then however, it has reversed to O's, underperforming the market. The signal is good to know but with the RS you must pay attention to the current column. A change to X's would be a good entry point. While it is in O's it means it has the potential to and has been under performing. If the FA is good then you want to keep this on the list, wait for a few things. 1) NYSE BP or Optional bullish percent reverse to X's 2) Sector reverses to X's 3) Qwest starts to shape up its trend chart. Now, if you are of a riskier nature and the indicators have turned positive, you may decide to enter QWST while it is below the bearish resistance line and the RS is in a column of O's. When the bullish percent is down and the sector is in oversold territories, your risk level is not as high for stocks with negative RS and negative trends as it is when the NYSEBP and sector are inthe 70%+ territory. See what I mean? You put all together for a picture. If you enter QWST while the market and sector risk is low you have a better chance of it performing to your liking. But you still need to watch it closely while it is below that BRL and has negative RS. Hope that clears things up some, Jan I am