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

To: Bwe who wrote (4875)	7/18/1998 7:58:00 PM
From: Smooth Drive	Read Replies (2) \| Respond to of 34811

Good Day Bruce, Relative Strength (RS) on a P&F chart is a fascinating subject. That Mr. Cohen 3 box reversal requirement makes it totally different from conventional RS line charts. I have thought about, jotted down quick notes, and vacillated more times on this subject than you can imagine. But, given that we're always learning --- and if we know more today (or next week/month/year) than we knew yesterday (or last week/month/year)and our position is adoptive, then we can always find winning strategies. Let's agree that a RS signal is either buy or sell, and that the trend is either up (X's) or down (O's). So, a RS B/+ (or +/+) is a buy signal in a column of X's, etc, etc. >>The conclusion that I came to years ago and this chart clearly shows, is that your investment results improve dramatically just by taking RS Buy and Sell signals and making RS study an important part of the investment decision process. Following RS signals one way or the other puts you ahead of the game and is a great tool for all investor's. Investor's choose to ignore RS signals at their own peril.<< Your right. Per your reference to following the signals one way or the other, can you tell us how you're currently using RS signals? If a stock of interest is on a RS buy signal but in O's, do you sometimes pull the trigger? Does it matter how long it's been in a trend? Does it matter what risk status the NYSEBP is in? What if a stock of interest is on a RS sell signal but in X's, what then? Does it make a difference what the investment time frame is? That is, short term versus long term? Bruce, you're light years ahead of me and most folks on this thread in regards to P&F in general, so let us know what/how you are using RS P&F charts. Take care, Eric