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Strategies & Market Trends : Point and Figure Charting

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To: Atin who wrote (25863)	11/29/2002 11:33:24 PM
From: Jorj X Mckie	Read Replies (1) of 34822

Atin, with stockcharts.com is there a way to determine the components of the sector BPs? Also, Do you think that it would be better to use percentage charts as defaults for BP calculations rather than the standard fixed settings? The reason that I ask this is that for stocks under $5, the box sizes are generally too large at .25 to be meaningful. An example would be JDSU which just today generated a buy signal with the default setting after jumping 100%. stockcharts.com A .1 pt box would have generated a buy signal in time to catch a major part of the rally. Not sure what the right percentage would be, but thinking something along the lines of 4 or 5%. The point is that with so many stocks in the "under $5" category, it can throw off the expected BP levels at the extremes.

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