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: John McCarthy who wrote (6065)	8/20/1998 11:37:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hi John, When we talk about RS, we are talking about the relative strength of the stock compared to the market. How is it performing against the market. It had been in O's which is negative. Being in X's is positive. If a stock flips the RS to X's, this is sign that it should start outperforming the market. I wouldn't buy PTIS yet even for a trade. It broke the bullish support line (trend line) back in July and is now sitting at a double bottom at 4.75. 4.5 would be the third consecutive sell signal. *note buy and sell signals in P&F don't literally mean buy or sell. They are terms. But, if a stock consistently makes buy or sell signals - you can take it literal. First good news on the stock would be at 6.5, a double top buy. You already own the stock so you can hold here with support at 4. Watch that 4.5 though. Take care, Jan I am