Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Lost1 who wrote (8091)	5/19/2000 12:43:00 PM
From: Ms. X	Read Replies (1) of 9427

Excellent Lost1... Just what you are supposed to do. Just a note on horizontal counts. For a bearish horizontal count the math is a little different. Instead of multiplying times the traditional 3 box reversal you use a 2 instead. So, you count the columns 18 18 times 2 (instead of three) = 36. 36 times the value/box size .5 = 18 Subtract 18 from the top of the base and in the case of your chart that means the stock is dead...LOL! But anyway, just wanted to post that difference with the bearish horizontal count.

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