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

To: Ms. X who wrote (5671)8/10/1998 11:37:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
RS reversing to X's.
For grins and giggles, I wanted to see how many stocks have recently
reversed from negative to positive RS.
There were some, not a lot, but some. Most impressive given market
conditions. Here they are.

Symbol Sector Company Name RS trnd RS Col
ADAC BPHEAL Adac Laboratories Sell Buy X
ALV BPAUTO Autoliv Inc Sell Buy X
AMP BPELEC AMP Inc Sell Buy X
BTL BPCHEM Betz Laboratories Sell Buy X
ELM BPLATI Empresas LA Monderna S A Sell Buy X
GSP BPNONE Growth Fund of Spain Inc Sell Buy X
LTEK BPBIOM Life Technologies Inc Buy Buy X
MRD BPCHEM Macdermid Inc Buy Buy X
SEE BPBUSI Sealed Air Corp Buy Buy X
SRA BPCOMP Stratus Computer Inc Sell Buy X
TSG BPLEIS Sabre Group Holdings Sell Buy X
XTR BPFINA Xtra Corp Sell Sell X

For the DWA portfolio:
XTR,TSG,SRA,SEE,MRD,LTEK,GSP,ELM,BTL,AMP,ALV,ADAC
dorseywright.com



To: Ms. X who wrote (5671)8/11/1998 12:04:00 AM
From: Ms. X  Respond to of 34811
 
Regarding those RS reversals..

Here are some that look the best from the list.

ADAC:
30--------------------
29 Top
28 X
27 X<--Spread double top buy
26 X X
25-------X O ----X<--Double top buy
24 X O X 7
23 X 3 X O 6 Med
22 2 4 X O X
21 X O O X
20 X --X ----5 X ------------
19.5 X O X O <--Pulled back to support (bullish support line)
19.0 X O X --* -----<--Stop loss.
18.5 X O X *
18.0 X O * -----------

ELM:
Good on a pullback 24ish.
28 |
27 | X
26 * | X <--Spread double top
25 ---X * ------+-----X ------------
24 X O * | 7
23 X O * | X <--Spread double top
22 O 7 O X | X
21 O X 8 C O 4 6
20 3 X 9 X --X O X O X ----------
19.5 O X O X O 2 O X
19.0 ---O X O X 1 X 5 * ------------
18.5 O X B O X * <--Stop point
18.0 ---A X ----O * ----------------
17.5 O X *
17.0 * O ------+-------------------

LTEK:
41
40 ---* --------------------
39 4 * X <--At resistance
38 X O * X
37 X O * X <--double top
36 X O 5 X <--good pullback area
35 --X O X O X --------
34 O X O X O 7
33 O X O O X
32 O X * 6 X
31 O X * O<--break of BSL
30 3 * ----------------
29 *

MRD:
A smidge volatile.

42 X
41 X O
40-------------X O ----X --------------
39 X 6 X O
38 X O X <--Double top
37 3 X O X X O
36 X O X O X O X O
35-----X O ----X O X O X O ------------
34 X O X O O X O Med
33 X O X 5 O X O
32 X X O X O X O 7
31 X O X O X O X O X
30 X O X O X O X ----O X --------------
29 2 O X O X O O
28 X O 4 * <--Stop point
27 X *

SEE
For aggressive types only. Below the bearish resistance line!!!

56 O
55 ----------O X ------------------
54 O X O
53 O X O
52 O 6 Top
51 O
50 ---------------O ----------------
49 O
48 O
47 O
46 O
45 ---------------O ----------------
44 O
43 O X
42 O 8 <--Double top
41 O X X
40 ---------------O X O X ----------
39 O X O X
38 O X O X
37 * O X O X
36 7 X O
35 -------- ----------O
34 <--Stop point.

Charts copyright Dorsey Wright & Associates.
dorseywright.com


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