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

To: james ball who wrote (15656)	3/14/1999 3:52:00 PM
From: mph	Read Replies (2) \| Respond to of 34811

Hi Tommy: So how does that old bull/young bull story go? Interesting analogy<g> mph

To: james ball who wrote (15656)	3/14/1999 9:37:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 34811

Tom, I'm still getting called out of calls I sold on stock I own. The Option Clearing Corp. is raising cash for me. I have no real rush to jump in. I know I have many years to invest and many trains to catch. I don't think of catching bottoms or tops. There is always a bull market going on somewhere in the 40 sectors and when I'm ready to move there will be one for the taking. Remember the Old bull/young bull on top of a hill looking down on a herd of cows story? I have the old bull philosophy. I agree with you that there are 40 sectors and when I am ready to move I will buy Gorilla stocks (Intc, msft, Exxon, ge, etc) in the sectors that are in the oversold area. Your DW data helped greatly to select my purchase of AMAT in October 1996 for $27 which then split 2x1 after running up to $108 and again this year when I purchased AMAT at $26.50. By using your DW data, IBD Relative Strength, Price Industrial Ranking, etc., the NAIC fundamental analysis data and my statistical standard deviation of AMAT's absolute highs and lows I have been able to get relative close to AMAT's DW chart bottom of $22 for 1996 and 1998. I love to catch Gorilla stocks in the volatile sector who have wide high low swings. IMO, individual investors can make impressive dollars if they do their homework. I am always amazed how people purchase totally relying on their broker or analyst without doing any research. One of the A.G. Edwards brokers in 1997 brought AMAT at $108 margined at dollar for dollar on the advise of their analysis. He was bitching a few weeks ago since their analysis recommended a buy of Compact at its high. What I like about P & F is it based on pure economic (supply and demand) with statistical support. Tom, from your experience, what are the sectors and stocks with the widest swings from below the 30% to above 70%. I noticed the Biogenetic have equally wide swings like the semi's? Have you given any thought to adding additional sectors or sub sectors: internet, semi-equip, semi-manufactures, etc. in your data base of charts. Did you get your weight training in this weekend? I just finished running 3 1/4 miles. Guess workouts are not bad for those in the 50's.<gg> Paul