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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Tigress who wrote (8087)5/19/2000 10:13:00 AM
From: Lost1  Read Replies (2) of 9427
 
MDT--sell sig is the column of Os from 56 down to 46. THe following column of Xs didn't give a buy sig so we don't use that. We get another column of Os followed by the BUY SIG (Xs from 52-57)We also noted that this column is still in the process of adding Xs..maybe.

OK, so far we have 6Xs..

6(3)=18
52+18 = 70..52 being the bottom of the current column. We can adjust our PO depending on how many Xs we end up with once the reversal back down has taken place.

I personally like to use the bottom of the recent bottoming action as the number to add my calculated #, 6*3.
THerefore I'd add 18 to 47, thus giving me a po of 65

I hope that's clear...if not let me know
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