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Strategies & Market Trends : Point and Figure Charting
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To: Atin who wrote (24840)5/19/2000 11:09:00 AM
From: Lost1  Read Replies (1) of 34808
 
Atin, THe chart in question is MDT.
When you have a breakout/buy signal
that allows for a PO we would add
the calc to the bottom of said column
of Xs. I find that in the event of a
PO calc involving a chart like MDT,
it is more realistic to use the bottom
of the column that is in the area of
the breakout. THe difference here is only
5 but at times it can be substantial.
This is a more conservative approach and
I"m sure others will argue, but I believe
the use of the lower number is warranted.
Adding to 47 instead of 52 in this case.
The count IS incomplete on this chart.

Anyway, that's what I use--
I'm sure others may disagree

Courtesy of the DWA elves:
60 -------------+-------------------------------------------------------------60 -
59 | 59
58 | * 58
57 | X X * X 57
56 | X O X O * X o 56
55 -------------+-----------------------------------X O X O X * X o-----------55 -
54 | X X O 4 O X O X o Med54
53 | X O X O X O X O X 53
52 | X X X O X O X O X O X 52
51 | X O X O X O O X O X 5 51
50 -------------+-----------------------3 O X O X ----O * O X ----------------50 -
49 | X X X O O X * O X 49
48 | X O X X O X O X * O X * 48
47 | X 2 O X O X O X O X * O X * 47
46 | X X O X O X O X O O * O * 46
45 -------------+---X O X O X O --O --------* * ----------* ------------------45 -
44 | X O X O * 44
43 | X O * 43
42 | X * 42
41 * | X * 41
40 ---------X * +---X ------------* ------------------------------------------40
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