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: Sonki who wrote (7155)	9/11/1998 6:41:00 PM
From: Bwe	Read Replies (2) \| Respond to of 34811

My feelings about PFE are right there in a post I wrote a short time ago. Check it out. Chartcraft likes to use the 150 day MA as an early warning signal to get the heads up on a possible change of the long term trend of a stock. Chartcraft has been using the 150 day MA for a very long time. Two of the major weekly indicators in the Chartcraft and DWA toolbox are the % of NYSE and Optionable stocks that are trading above their own 30 week moving average. The % of 30 is a longer term indicator that is used and watched in the same fashion as the sector Bullish %'s. The current reading is 12% on the p&f chart. A move to 18% is needed for the % of 30 to reverse up. Take care, Bruce