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

To: iGregor who wrote (6660)	9/2/1998 5:35:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34824

Hi East Pole, No I have not fully finished that study, it's and on going piece...however I fully believe from the reams of data that I have checked thus far that you get a bigger bang for your buck with RS Sell in X's rather that waiting for RS to get of a Buy signal... This is due to the fact that in order for RS to give a Sell signal, it must have formed 2 seperate columns of o's and the last column must exceed the previous column by having one more O one box lower the the first column of O's... ox oxo oxo oxo oxo oxo o o o <sell signal Now for a reversal of RS from RS Sell in O's to RS Sell in X's we can get into the action at the point below... o oxo oxo oxo oxox <this is the point of RS Sell in X's oxox o ox o It gets you into a stock that is out preforming that general market early... If you wait until RS gets to a Buy Signal your up here... o x <Buy Signal RS Buy in X's oxox oxox oxox oxox oxox o ox o It takes time for this RS in X's to climb those 4 box's up to the Buy signal and you could have been in the stock early making the gains greater than the general market for the whole time rather than waiting for the Buy signal... Remember, it doesn't get into X's until it's beating the average... In the Box seats, we like to screen for RS reversing into X's, and find stocks that are starting to run... Hope that helps, Later Preston