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

To: Ditchdigger who wrote (9967)	11/21/1998 9:21:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 34808

Morning DD, No you were correct about the DTB signal at 14.5, however that is just the signal showing that demand is still in control and not necessarily the buy point. If we were back with the BPPNYSE at under 30% just reversing back up and the sector for the stock was also reversing up from a low %age, then yes, the first buy signal is a good place to initiate the trade. However as the NYSEBP and sectors BP increase above 50% one looks to purchase on a pull back to increase the risk to reward...as someone said "even boyscouts could make money on buying after the NYSEBP reverrsed up from below 30%, but the craftsmen are the ones the make the most when it's above 50%" But, yes you are getting the picture...Do you better understand the risk to reward ratio and how to calculate it now? Hope this all helps. Later Preston