Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: papi riqui who wrote (22401)	7/15/1999 10:55:00 PM
From: Bwe	Read Replies (2) of 34811

Hi Papi, Another way to compute the price objective for CAMP would be to use the "Horizontal Count" method. The Horizontal Count is quite useful for stocks that emerge from good solid bases. The count is taken across the widest solid line of the base. In CAMP's case, there are 9 horizontal boxes at the $4.75 level. Then compute as you would with a vertical count (9 x 3 x $.25 per box = $6.75). Add to the bottom of the base ($4 + $6.75 = $10.75). To quote Carroll Aby from his excellent book: "Chartists utilize the horizontal count to obtain intermediate-term price objectives." "The underlying theory of the horizontal count suggests that lateral patterns with more width have greater price potential. Conversely, more narrowly defined sideways base patterns and consolidations usually offer less potential." Bruce

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next