Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ms. X who wrote (4608)	7/10/1998 11:51:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Basket of Ideas 2: Stocks whose RS has just recently flipped positive. BPSOFT -Software sector ADVS - Advent Software Inc. All momentums are positive. 50 --------------------------------------------------------------------------- 49 Top 48 X 47 X O X 46 X O X O 45 -----------------------------------------X 4 X O -------------------------- 44 X O X O X<--3rd Double top break 43 X O X O X 7<--2nd Double top break 42 X O X O X O X X 41 X O X O X O X O X 40 -----------------------------------------X O --O X 5 X O ----X ------------ 39 \| \| X O O O X<--Double top break 38 \| \| 3 O X X Good entry at this level 37 \| \| X O 6 O X 36 X * \| \| X O X O X 35 -----X O X * --------------------------\| X ------------O X O * ------------ 34 X O C O * \| X O * <--Held support 33 X O X O * X X \| X * <--Stop loss. 32 X X O X O * X O X O \| X * 31 9 O X B O * X O X O X \| 2 * 30 -X O X ----O --------X O X O ----X O X \| X --------* ---------------------- 29 X O X O X X O X O 9 X O X O X * Bot PTVL- Preview Travel Inc. Daily momentum negative until 41. Weekly/Monthly positive. 5 --------------------------------------------------------------------------- 44 X 43 X O 42 X O 41 7 O 40 ---------------------------------------------------------X O -------------- 39 X O 38 X X X O 37 X O X X O X O 36 X O X O X O X X O X 35 -----------------X O X O X --X O X O X --------------X --X O X ------------ 34 4 O X O X O X O X O X O X X O X O X 33 X O X O X O X O X O X O X O X O X O X 32 X O X O O X O O O X O X O X O <--Nice pullback! 31 X O O 5 O X O O 30 -----------------X --------O X --------O ----X --X ----------<--Stop loss. 29 X O X O X X O X 28 X X O X O X O X O X 27 X O X O X O X O X O 26 X O X O X O 6 X *

To: Ms. X who wrote (4608)	7/10/1998 12:52:00 PM
From: Mr. BSL	Respond to of 34811

Thanks a bunch Jan. Have a great weekend

To: Ms. X who wrote (4608)	7/10/1998 1:15:00 PM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34811

Jan, RE: PSFT specifically, but RS charts in general. If you are looking at an RS chart and the RS data points are below 20 or so (eg PSFT at 5.2 - 6.0 to reverse up) I suggest that you move the decimal place in the data one more position to the right (eg you would get PSFT RS data points in the 50's). The % changes required in the RS value to reverse a p&f column are very, very large down below 10. Look at pipeline.com and see what the chart scaling rules are imposing at that level for a turn-around. At least in the over 30 range the percentage change required is not too gross. You could be invested and making profits a lot sooner, and it doesn't violate any p&f methodology rules. Ben A. ez-pnf.com