SI
SI
discoversearch

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.
Non-Tech : Dorsey Wright & Associates. Point and Figure
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alan Smithee who wrote (4331)1/4/2000 11:55:00 AM
From: Ms. X  Read Replies (1) of 9427
 
Well, the thing with IISLF is that it crosses two box sizes. Part of
it is a .25 and the other is .5. I hate this about vertical count
because sometimes I can't just eyeball it.

You count those boxes in the .25 and times by three and times by .25.
Then you count the boxes in the .5 and times by three and times
by .5. Then you add the two together. I think it around 12. I did
eyeball it a little, didn't do the actual count. Let me go see....

Hold please.

Here it is.

7.5 X <--6 boxes x 3 = 18/.5 = 9
7.0 --------------------X O
6.5 X O
6.00---------------------X O
5.5 X O
5.0 X <---From here to the top is .5 boxes
4.75 X <---To here is the .25 boxes.
4.50 X +-----------+-----X O 8 boxes x 3 = 24/.25 = 6
4.25 X O | X O X
4.00 X O ----------+-----X O X
3.75 X O 2 | X O X | 3.75
3.50 X 1 X O X --X +-X --X O --+--------------------------3.50
3.25 X O X O X O X O X O X | 3.25
3.00 X O --3 X O X O X O X ----+-----------------------Med3.00

Add 9 to 6 and you get 15
Well, I was kinda close by eye ballin' it. It was in between what you
and I had.
See why I hate it, pain in the butt.

Remember, PO's aren't an absolute but rather a guide as to what the
momentum of the stock is heading to. It can gain more momentum or
poop out depending but at this time that is the momentum in IISLF.
With it holding up so well today it looks pretty accurate.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News