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: Bwe who wrote (6831)	9/5/1998 3:46:00 PM
From: james ball	Read Replies (1) \| Respond to of 34808

Bruce internal bullish percent charts on precious metals and oil service reverse up today. Tom D

To: Bwe who wrote (6831)	9/6/1998 10:49:00 PM
From: wizzards wine	Respond to of 34808

Hi Bruce, If you will go to last Sunday, I did a review of the Executive VP of SLB, brunch at our home... His ideas of the near term market for oil and oil services...he's thoughts were they would have a less that good 3rd Qt and 4th Qt would be ahead of estimates....thus now is very early... JMHO Later Preston

To: Bwe who wrote (6831)	9/6/1998 11:44:00 PM
From: Smooth Drive	Read Replies (2) \| Respond to of 34808

Good Sunday Evening Bruce, Would appreciate your thoughts on high and low poles. As noted to duke60 at www3.techstocks.com, I'm memorializing my trading rules. It's been an enjoyable endeavor. So, one of the items I've been thinking about but haven't put down on paper or done any backtesting on yet is high and low poles. Specifically, using them to establish a buy, sell, cover, etc on individual stocks. Perhaps you can share your experience in that regard. Have you actually bought and sold via a high or low pole signal? Does it make a difference what the trading channel is? The NYSEBP? Chartcraft notes that the Low Pole works better with mutual funds than individual stocks. Has that been your experience? (I'm particularly interested in the low pole relative to taking a short or put that has a buy cover signal too far away --- but, has a low pole signal much closer. For instance, when UK dropped to 43, the buy cover signal was not in play until 56, but the low pole would be 50. Which of course could be lowered as the chart lowered.) 55 X X 54 X O X O 52 X O X O 52 X O X O 51 O X O 50 O X O 49 O X O 48 O X O 47 O X O 46 O O 45 O 44 O 43 O (BTW, you might recall that in the not to distant past I asked you about the HPT and its probability that 80% of the time it will generate a sell signal before a move back above a top. Well, I actually did more than scan the Bearish Chart Formations info on the Options Point & Figure Chart book and there it is. I don't know how many times I looked at that info and didn't really read it.) Thanks for your thoughts and have a good Labor Day. Take care, Eric