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Strategies & Market Trends : Point and Figure Charting
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To: Smooth Drive who wrote (24740)2/29/2000 8:38:00 AM
From: Atin  Read Replies (2) of 34826
 
Vertical counts using the Chartcraft system:

If my low is at 83, the next column of Xs has 13 columns, the calculation goes (for a 3 box reversal):

83 + (box size * (13 * 3.0)) = $122.

Or should it be $144 because once we went over 100, the box sizes become 2, so the 22 boxes above 100 are really worth 2 boxes each? Turns out it is easier for me to calculate $144 but I have the feeling that the Chartcraft method wimps out and uses 122 instead :-)

-Atin
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