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Strategies & Market Trends : Point and Figure Charting

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To: Lost1 who wrote (23974)	10/8/1999 7:05:00 PM
From: Ms. X	Read Replies (3) of 34811

How to calculate the High-Low. From today's Market Report on DWA. I thought this would be useful information for calculating the High-Low in the future. The High-Low is calculated by dividing the number of stocks making new yearly highs by the sum of the stocks making new yearly highs and new yearly lows. For example, if 45 stocks make new highs while 155 make new lows, we divide 45 by 200 and get a reading of 22.5. That gives you a reading for the day. We then keep a ten day moving average to arrive at the figure we chart each day. Current: We need a daily reading of 13.0% or higher for Friday to give us the 18% reading we need to get that reversal. If you want to calculate this yourself this morning, go to the Wall Street Journal, Section C. Go to the second page or the page with the market statistics. Take the number of new highs on the NYSE, divide it by the new highs plus the new lows, and then multiply by 100. If that reading is 13.0 or higher, the ten day moving average of the High-Low (again, that is what we chart daily) will have reversed to the upside. With the market up over 100 points as this is being written, the odds are extremely high we will see such a reading.

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