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Mullooly Asset Management

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Brendan Mullooly on Point and Figure Relative Strength Signals

What Does the Signal of a Relative Strength Chart Tell Us?

July 27, 2015 by Brendan Mullooly, CFP®

In a previous video, I explained what the column of a point and figure relative strength chart tells us. In this video, I cover what the signal of a point and figure relative strength chart tells us. Both are critical chart components that are not to be overlooked.

It’s important to remember that relative strength charts only have buy signals and sell signals, no patterns like the bullish catapult or bearish triangle. They differ from point and figure trend charts in this way.

When a point and figure relative strength chart is on a buy signal, it indicates longer term outperformance. Conversely, when a point and figure relative strength chart is on a sell signal, it indicates longer term underperformance.

That’s why, when we analyze point and figure relative strength charts, we consider both the current column and signal. The column tells us about the security’s shorter term performance, while the signal tells us about the security’s longer term performance.

You now understand why relative strength charts are such an integral part of our portfolio management strategy.

Further Reading:

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, portfolio management, 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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