Hello Lee,
>>How is one supposed to find out the box size of 700 stocks from chart craft. The whole idea of doing your own is to avoid having to visit so many sites, paying fees etc.<<
For stocks, the Chartcraft box size doesn't change, it's as follows:
0 to 5 = 1/4 point (Each box represents 25 cents)
5-1/2 to 20 = 1/2 point (Each box represents 50 cents)
21 to 100 = 1 point (Each box represents $1)
102 and over = 2 points (Each box represents $2)
Or, you might consider using logbox sizes as Ben does. He uses a 2% increasing size. Ben's a fine gentleman and has forgotten more P&F knowledge than I'll ever attain. ez-pnf.com
For indexes, Chartcraft uses a variety of box sizes, and for that reason, I would recommend that you try 1% log boxes. I'm keeping a few hand charts of indexes using log box sizes.
>>While you and OJ swear by P&F, I find it only useful to back up my reads of trends. I use candles, formations, volume reads etc for my trades as I feel that by the time P&F reverses, I have usually missed half the run or drop that candles let me get in on at the lows or peaks.<<
I only swear by something if it makes me money<g>. We all eventually find what works for us. I've found mine, you've found yours. Actually, I live and die with P&F charts. And, since becoming a P&F nut I've lived much more than died. I too use candles, a few favorite MACD's, a few moving averages - but - they are secondary indicators to my P&F charts. Every time I try and hit a bottom or top - I'm running scarred and have lost money more times than I care to remember. A P&F chart gets me in the game in plenty of time. I like to eat the sweet middle area of the melon.
Btw, if you get a chance, will you e-mail me in Excel format as much historical data as you have of the NYSE daily new high and new low?
Thanks and take care,
Eric
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