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Strategies & Market Trends : Point and Figure Charting

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To: Tigress who wrote (24836)5/17/2000 7:46:00 AM
From: Atin  Read Replies (2) of 34809
 
Hi Dave, Tigress,

Tig, thanks for answering Dave. What I have found is that I uncheck Price Objectives (trendlines) and only tend to keep Price Objectives (breakouts/breakdowns) checked. The POs on breakouts/breakdowns is more commonly used and tends to be better for stock like things. Also, I only tend to believe the first PO after a trend change and have lesser and lesser confidence in the ones that follow the first. So for SGP I had had a downside PO of 30 (near 51 after the downtrend line that started at 57) and now have an upside PO of 48 after the uptrend started at 31.

You can save your defaults by going into the Edit menu, Chart Parameters dialog and clicking Save as Defaults and Ok.

-Atin
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