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Dr Clive Roffey wrote:
>
> Lionel & Jim,
> Difficult to get quantitative RS. Best visual method is to ensure that
> all charts are in semi-log. Short list those stocks or sectors which are
> in up trend. Then do short list comparison against each other.
>
> This sounds tedious but is'nt. Save your comparative RS as templates and
> apply as normal. I have templates for all world indexes plus many market
> sectors. It takes but a few minutes to sort out the leaders and
> laggards.
>
> The Excel table which I discussed previously fixes this problem in one
> hit as the table position is both a qualitative and quantitative
> analysis.
>
> Re Point & Figure. I only use 1 point reversal charts and NOT plotted on
> Metastock. All current programmes do NOT plot 1 point reversals in the
> correct format. Am currently preparing an article on this for TA of
> Stocks & Commodities. If you can find a monograph by Alexander Wheelan
> on 1 point reversals grab it. It is the best buy you will make.
>
> Just for interest the upside on the DJIA was to 7800 on the 1 point
> count. To make a significant new high the DJIA will have to do a hell of
> a lot of churning. No major new highs for the DJIA for some time...if
> ever!!
>
> Am still looking for a database on world indexes. Come on guys find it
> for all of us. The world is a big place and US markets are not going to
> be the place for investment much longer.
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