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Strategies & Market Trends : Point and Figure Charting

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To: David N. Jones who wrote (2021)	3/26/1998 10:50:00 AM
From: Ms. X	Read Replies (3) of 34812

Hi David, I see. OK, yes, that is confusing. I looked at the RS for SESI and while it isn't the best illustrated example I'll give it a go. This doesn't have much of a history. The first row is X's so that is our buy signal. What? Well, X's surpassing X's create buy signals. In this case, since it is new, we consider the first column a buy signal. Usually there are more column of X's to compare to. This is a horrible chart to use. 2.00 ------------- 1.75 X 1.50 ----A O ------- 1.25 X O 1.00 ----9 1 ------- 0.75 8 0.50 ----X ------- 0.25 X 0.00 ---------- I'm going to created another to illustrate the point. Let's assume that the RS has more of a history. This is an example of RS with a buy signal in a column of O's. 2.50 ------------- 2.25 2.00 --------X <---I have created a better buy signal here 1.75 X X O 1.50 ----A O-X-O----- 1.25 X O X O <--Here it has reversed to O's 1.00 ----9 1 ------- 0.75 8 0.50 ----X ------- 0.25 X 0.00 ---------- The O's tell us the stock has reversed down from its previous strong position. Did I confuse things more?

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