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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Ms. X who wrote (1290)10/25/1999 11:50:00 AM
From: Hardline   of 9427
 
Jan please tell me if my PO logic is correct with MACR.

The original VPO would have been 92. Since then it gave a sell signal and another buy signal with a new (revised) VPO of 63. But it is building a very large HPO base that would be 76 and still counting.

What number would you use for your PO?

Next what stop would you use since several are close together?

I took the average of the 3 PO's and got 77. Then took the lowest of the current stops (48) and still got an attractive RR at 4.94.

Hardline
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