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Strategies & Market Trends : Point and Figure Charting

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To: Atin who wrote (24685)2/23/2000 1:07:00 AM
From: Smooth Drive  Read Replies (1) of 34811
 
Hello Atin,

Here's something of interest. I noticed my 2.38% box hand charts are different than yours. I checked them against Ben's program and they are the same. Ben and I go to 5 digits and you're rounding to the hundredth -- but our numbers are different. Here's my MSFT chart:

124.81455
121.91302
119.07894 X
116.31074 X O X
113.60690 X O X O
110.96591 X 1 X O
108.38632 X O X O X
105.86669 X O X O X O
103.40564 X O O 2 O
101.00179 X O X O
98.65383 X O X O
96.36045 X O O
94.12039 C O
91.93240 X
89.79527 X
87.70782 X
85.66890
83.67738

Your program:
119.62 X
116.84 X O
114.12 X O X
111.47 X O X O
108.88 X O X O X
106.35 X O X O X O
103.88 X O X O X O
101.46 X O O X O
99.10 X O X O
96.80 X O O
94.55 X O
92.35 X
90.20 X
88.11 X

I pay particular attention when a column of X's or O's exceeds the previous column of X's or O's buy 3 or more. That changes my short term from bullish to bearish or bearish to bullish. You'll notice that Ben's chart and mine changed to short term bearish at 96.36045. Never got there with yours. Your box sizes appear to change with each chart even though I'm set at 2.38% They shouldn't.<g> (At least the way I choose to use % boxes.)

If I start with .01 and increase each box buy 1.0238 and round to the hundredth the numbers are as follows:

121.91
119.08
116.31
113.61
110.97
108.39
105.87
103.41
101.00
98.65
96.36
94.12
91.93
89.80
87.71

Take care,

Eric
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