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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Dave Shares who wrote (149)9/8/1999 12:18:00 AM
From: Patrick Slevin  Read Replies (1) of 9427
 
David, I tried that....it sounds pretty tough.

Looks like I would have been Long from August 12th through August 26th. Not only would I have no fingernails left, I probably would have gone through my fingers as well.

Then Short into September 2nd.....

I guess it works out right. I just think my style would lend itself better to the faster turns, so I've been considering the 1 x 4. The book says the first number is the minimum increase to add an X and the second is the reversal amount, as you say.

Obviously I don't know this well enough. But I would be nervous holding a Futures Contract on the SnP that long. Perhaps the solution is to consider using that set-up for trading options and look at something a bit more sensitive for intraday work.

I imagine that I have wasted enough of the thread's time on this, but thanks for pointing that out however. I had the numbers transposed. I thought Tom was saying the reversal was to be 4, and I was trying to hit a number for the box size. It appears to me that a 4 x 3 could make for a huge move against you with respect to a Futures position....by the time your signals caught it anyway.

I'll have to mess around with it. It's obvious to me that there is something "there", I just have to figure out exactly what that is.
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