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

To: Tigress who wrote (11798)	12/21/1998 7:12:00 AM
From: robin 187	Read Replies (1) \| Respond to of 34810

Tiger, Excellent questions! I've been in the same dilemna for the last couple of weeks afraid to really step in. I'm very curious to see what your list of regular posters have to say regarding your questions. May I just take this opportunity to say how much I've learned and grown as an investor from the excellent postings that many have made to this thread. Thank you so much for your time and analysis!! Robin

To: Tigress who wrote (11798)	12/21/1998 9:08:00 AM
From: wizzards wine	Respond to of 34810

Morning Tiger, Very good questions!!! With all of the indicators having flipped to O's and some of the sectors going down also, now is the time to watch any issues you may have that are not RS in X's!!! These would be the first to lighten up on and of course NO New positions on issues with RS in O's!!! Other than this, your exact path will depend on your plan. You did make a plan didn't you when you bought any issues???? If your in for the long term, a violation of the BSL makes a good stop...If you want to decrease your down side exposure further, raising you stops to the next DBS would likely trigger a higher profit point than letting the trend line come up from below. Any buying should only be in RS X's above the trend line and on a pull back very close to that trend line...thus your risk to reward is maximised...but it must be on a buy signal via P&F!!! Look to the sectors that are not overly extended or have already pulled back... Jan and Tommy can talk about options to use to protect your downside exposure while still allowing the upside gains... Hope that helps a little, and yes I also like cash or good quanties of it :-) Later Preston

To: Tigress who wrote (11798)	12/21/1998 9:19:00 AM
From: Mr. BSL	Respond to of 34810

Hi Tiger. <<<< What's going on now? Is this year end Window Dressing? >>> When the NYSEBP and all the sectors and all the indicators reverse up from below 30% at the same time, buy until your nose bleeds! When everything turns down from above 70% at the same time, head for the hills. For all other times (99.99% of the time) come up with some logical game plan. FWIW I sell index or broad based mutual funds when the OPTI reverses to a column of O's and buy them when the OPTI reverses back up. This can be somewhat expensive if you get whip sawed too often but you are always on the right side of any major trend. With sector mutual funds, I act on reverses in the NYSEBP & the sectors and take field position into consideration. With internet stocks you might want to buy and hold. Good luck