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Brendan Mullooly on Point and Figure Relative Strength Charts Sell Signal in O's

Relative Strength Chart Configurations: Sell Signal in O’s

September 14, 2015 by Brendan Mullooly, CFP®

We’ve previously discussed the following configurations for point and figure relative strength charts:

Buy Signal in X’s
Buy Signal in O’s
Sell Signal in X’s

Today we conclude our discussion on the four types of point and figure relative strength chart configurations by discussing what it means when we see a chart on a sell signal and in a column of O’s.

To put it plainly, this security is likely to be a laggard. When a relative strength chart is on a sell signal that identifies its longer term underperformance versus the specified benchmark. Near term underperformance is characterized by the chart being in a column of O’s.

Longer term underperformance, without any signs of near term improvement, makes this the weakest point and figure relative strength chart configuration. This is one to be avoided if your investment strategy focuses on high relative strength securities.

Source:

http://dorseywrightmm.com/sites/default/files/White%20Paper%20-%20PnF%20RS%20Signals.pdf

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Filed Under: Videos, Chart School, Technical Analysis Tagged With: point and figure, relative strength

About Brendan Mullooly, CFP®

Brendan Mullooly is a CERTIFIED FINANCIAL PLANNER™professional with Mullooly Asset Management, Inc.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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