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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: arno who wrote (5295)1/23/2000 10:21:00 AM
From: Patrick Slevin  Read Replies (2) of 9427
 
No, updating isn't the point. If you have a one minute chart it won't update either if a new X is not presented. If DELL trades at 43 to 43.875 for an hour all that chart is going to show is a single column. In the same fashion that a day chart does not change, a one minute chart does not change.

A Tick chart would be a pure "time-less" version of PnF.

Because you seem to be rather angry I won't go further into it.

In a moment I'll address your remark about my opinion on what Mr. Dorsey thinks about daytraders by attaching a link here to an earlier post on the subject.

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