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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Hardline who wrote (1273)10/25/1999 12:50:00 AM
From: Ms. X  Read Replies (3) of 9427
 
With a stock that has created a base I find that the horizontal count
is better. If though, it pops out of the base with a possible
verticle count (which would mean that pop would have to be after the
sell signal of course) than the vertical can be used.

For CSCO both of the counts can be used as such:

For a base count (which I think is best because of the obvious base here)
You have the required 5 columns to count from the width.

73 X X
72 X O X O
71 X O X O
70 ---------------X --X O X --A O X
69 X O 9 O X O X O X O <--Count the columns here. (10)
68 X O X O X O X O X O
67 X O X O O X O X O
66 X O O O
(10)(3) = 30
30+ 66 = 96. 96 is the horizontal count.

The vertical count doesn't really seem appropriate since it is mostly
a base pattern here and no real pop from a sell signal. But...

73 X X
72 X O X O
71 X O X O
70 ---------------X --X O X --A O X
69 X O 9 O X O X O X O
68 X O X O X O X O X O
67 X O X O O X <--Count this column. (7)
66 last sell signal here--> O O
(7)(3) = 21
21 + 67 = 88.

My guess is that when CSCO pops from this base the vertical will
resemble the horizontal more. But you can use the two together and
have a price range between 88 and 96.
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