Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: ViperChick Secret Agent 006.9 who wrote (14034)	2/16/1999 1:20:00 PM
From: Dennis J.	of 34823

V.C. Even more help. Consider Tom's example, where the stock makes a new high and then closes even lower, say at 45. A 4-point reversal into a column of O's would be lost forever if the stock opened tomorrow at 46 or higher, and did not print a 45 again. Since it happened, you may want to use that information someday. So, some who plot their own charts may choose to record that info as a column of O's. Or, as the stock opens at 46, should we think of it as still being in X's, when it just had a 4-point move down, or actually in O's. Just something else to think about. I understand some commodity traders record all reversals, even intraday on their end-of-day charts, and may also plot intraday p&f charts in 1- or 5- min. intervals. Dennis

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