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

To: wizzards wine who wrote (11906)	12/23/1998 11:08:00 AM
From: james ball	Read Replies (3) \| Respond to of 34811

You are entitled to your opinion big guy, that's what makes a market. And yes the Sector 5 is also a non chart pattern strategy. If you would like to work out a strategy of using the list as what to buy and the P&F as to when to buy it let me know how it works and I for one will certainly consider the strategy. My mind is open. Tom Oh by the way we have also developed a covered writing strategy with the RS Dogs and the regular Dogs where out of the money LEAPS are sold against the position. We have also delved into using in the money calls as surrogates for the underlying stock and then constructing out of the money Bull spreads with LEAPS and holding one year. There is lots to consider Preston, all you have to have is an open mind. Tom

To: wizzards wine who wrote (11906)	12/23/1998 11:27:00 AM
From: chartseer	Read Replies (2) \| Respond to of 34811

Will have to reread Beating The Dow once more. Thought best way was to sell your dogs at end of July and not hold to end of year. Know the Motley Fools insist that that is not wise because you are selling short term and should hold for longer period (18 months ). Personally I would prefer buying Oct 31 and selling before Labor Day. Would gladly pay taxes on short term gains. Tom you probably need another site than this one to not upset your purist for your RS Dogs. I for one use PnF but not as a purist since over the years I ve learned that there are many issues that just do not respond as expected to PnF patterns. Think I ve written this before. I ve found out that each issue has it s own shall we say personality and some constantly give false signals time after time and PnF isn t as effective as with certain other issues. This time of year some very poor charts are just reflecting year end tax selling and will bounce in a few days. IMHO Z may be one of these poor charts that a purist would not buy but a year end bargain hunter very well might purchase. Beaten down by poor earnings , charges for store closings, dropped from DJIA and now dropped from SP500. If ever an issue was beaten down this is it. What I am trying to say is PnF is not a science and there are many false signals given constantly. Don t know if AA qualifies or not. Chart recently reversed from very bullish to bearish. Year end selling? I do not know nor would I venture a guess.I would prefer CAT DD GT MMM S as DOGS irregardless of charts and RS. Then what the heck do I know. Chartseer

To: wizzards wine who wrote (11906)	12/24/1998 3:20:00 AM
From: Smooth Drive	Respond to of 34811

Hello Preston, First individual stocks I every purchased were based on Michael O'Higgins book Beating the Dow. Until my recent experiment with timing, I always had (and do now) Dow 5 stocks either individually or in Unit Investment Trust. Some suggest that it won't work when too many people get involved. Nonsense. The more people get involved, the more who have to buy the stock which raises its price and lowers its yield. The more in -- the more I make. Got to place an order and go live on an island for a year? No better system. Easy to understand. Big blue chip name. Get paid while you wait with a little dividend. 90% of the money managers can't beat it. List your stocks, rank them by dividend yield (highest gets a one, etc.), then rank them by lowest price. Relative Strength Dogs. Perhaps rank them via their RS strength (how far in actual points until a reversal) then followed by lowest price. Not enough? Possibly add trend line (would be difficult in bear market). Take care, Eric