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


To: Jorj X Mckie who wrote (5258)7/31/1998 2:19:00 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 34811
 
Jan,
Does it qualify as a TDT if I bought more ASND before it hit the next support at $42? I ditched my ALTR for a small increase and got more ASND when it hit $45.
Tom



To: Jorj X Mckie who wrote (5258)8/2/1998 10:25:00 PM
From: SN  Read Replies (1) | Respond to of 34811
 
I use RS in X's as a MAJOR criteria for stock selection and would appreciate anybody's comments on how to better "tweek" the system. First, i recently recall the RS of DIS reversing to O's on it's chart but then a few days later the stock split and presto, no sign of any reversal down on the post split RS chart (not even a sign of weakness). Anybody have any "solution" to this phenomena? This leads into the second problem: it is much easier for a higher priced stock to change columns on it's RS chart.... has anybody tried to adjust this at all by using a logarithmic chart instead of the tradition .25, .50, or 1.0 scale charts? Any comments would be welcomed and appreciated.