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Strategies & Market Trends : Point and Figure Charting
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To: mph who wrote (23641)9/14/1999 1:51:00 PM
From: Ms. X  Read Replies (6) of 34808
 
Oh, I'm late I'm late... I can't believe I'm late.

WAVX:
Remember that a vertical count comes with the column of X's
after the last sell signal. Even if that column of
X's doesn't come right away, i.e. a couple of columns create
double or triple tops. That isn't a sell signal as it didn't
surpass the last column of X's.
I just made it more confusing.
Here is the chart.
14.0 O X O -------------------- 14.0
13.5 O X O X Med13.5
13.0 O X O --------X ---------- 13.0
12.5 O O X<--the buy signal
12.0 O 8 --X --X that makes this
11.5 O X O X O X the column to count.
11.0 O X O X O X Count this column. (11)
10.5 O X O X O X 10.5
10.0 ----O X O X O X ---------- 10.0
9.5 O O O X 9.5
9.0 9 <--The column
8.5 O X that created the
8.0 O ---sell signal.

Here is the count:
11 x 3 = 33.
Divide by box size. .5 (1/2)
33 x .5 = 16.5
Add 16.5 to the bottom of X's which is at 8.5
16.5 + 8.5 = 25.
25 is your vertical count.
:-)
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