Point and Figure Charting Message Board

STOCKTALK

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.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: who wrote ()	2/28/2000 9:36:00 AM
From: Atin	Read Replies (2) of 34827

Still no vertical counts or fibonacci retracements in QPnf. I'm still trying to figure out how to choose the column to calculate these automatically. For vertical counts I was thinking of using the latest (in time) unbroken trendline and using the starting column as the top or bottom. Then I start looking right for the next breakout/breakdown column and use that to calculate the vertical count. Seems to work most of the time but not always! Anyone have any better suggestions? Similar thing for fibonacci retracements -- use the same column, but now look for the high (or low) after that and use these two as the extremes to calculate fibonacci retracements. One thing I was trying also was just taking the first breakout column after the uptrend starts, and multiplying the column length by 3.236 (2*1.618) like is done for Elliot waves for calculating the top of wave 5 after you've seen wave 1. You take the result and add it to the top and bottom of the column to get the max and min price objectives. I know this can't be that simple, but I want to try it out anyway :-) -Atin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next