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


To: Jorj X Mckie who wrote (10550)11/30/1998 12:20:00 PM
From: Challo Jeregy  Respond to of 34811
 
Did you see this 80,000 ask for cd now?
That's $1.5M!!!!



To: Jorj X Mckie who wrote (10550)11/30/1998 12:22:00 PM
From: Jerry Olson  Respond to of 34811
 
X

i looked at the chart too...but it's trending up now..and just got a Goldman upgrade, and there's an IPO with hype coming up shortly this next week or two...NM.....and someother good stuff...that's why i bought the Jan's instead of the Dec.....it got an Alert for a POS trend....



To: Jorj X Mckie who wrote (10550)11/30/1998 1:20:00 PM
From: Dennis J.  Read Replies (1) | Respond to of 34811
 
CD RS? CD has risen from 6.5 in October to near 20 today. That's a triple. The RS indicator moves from 1.25 up to 1.63 (latest calc), or up 30%, and still no reversal. And the RS must move back to 2.0, or up a full 60% vs the Dow on a RS basis, just to print a col of X's.

This indicator just doesn't do it for low-priced stocks. We need a 3% or 6% reversal chart, or convert the RS calc to yield a number in the 50 range, so it becomes more sensitive. THEN we can rely on it for trading. Right now, it is no help at all, at least for judging CD.

All JMOO.

Dennis