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


To: Al Serrao who wrote (15196)3/8/1999 2:53:00 PM
From: PuddleGlum  Read Replies (1) | Respond to of 34816
 
Al-
And along with your questions on the djbb, why do the banks look so strong when interest rates are rising? The short term looks quite good to me, which is why I filled my shopping cart this morning (MEL was the only bank I bought a piece of) but the A/D line still has my knees shaking a bit.

pg



To: Al Serrao who wrote (15196)3/10/1999 8:41:00 AM
From: james ball  Read Replies (1) | Respond to of 34816
 
Al it is generally very long term but as you know it will remain on a sell until it doesn't. NO point trying to figure out how long things will last since time is of no consequence. It's like asking the coach of a pro. football team, when they intercept a pass, how long he will be in possession of it. His response would be "as long as I can". I don't say this flippantly, it's another way of thinking of time with P&F. As for banks and interest rates. The answer is there are other events and fundamentals that drive banks other than rates. t