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: quote 007 who wrote (14354)	2/21/1999 1:21:00 PM
From: Gwolf	Respond to of 34816

Stuart, I've got Abby's book also and I know what your talking about. I think Tom just takes a different approach to them, he seems to take into consideration the NYSEBP, % of 10,Hi/Lo the sector of the stock and the support of the stock instead of just using the signal. Maybe we could ask Tom to gives us his own thoughts if he would be so kind. Gwolf

To: quote 007 who wrote (14354)	2/21/1999 1:33:00 PM
From: Gwolf	Read Replies (2) \| Respond to of 34816

I just looked at RMBS that Tom said to take a look at, it's very interesting and is maybe why Tom is cautious on Pole formations. The stock recently dropped from 86 to 74 and the rallied back up to 83 thereby forming a low pole. If you would have bought it at a recovery of over 50% at say 81 thinking that was the low for the stock you would have then experienced another plunge to 61. I have the feeling this is why Tom says they are a warning and doesn't go hog wild without looking at all of the other indicators. That would be my guess but what do I know. Like I mentioned before maybe Tom could give us his thinking. Gwolf