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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Ms. X who started this subject8/2/2000 9:11:25 PM
From: Ms. X  Read Replies (1) of 9427
 
New improved Vertical count method.

For the more elegant minded - and for those that think
calculating box sizes in the vertical count is just plain
loonacy. which is just about all of us me thinks...
Just like the old method minus one step.

62 * X
61 * X
60 ----------* --------------------X --X
59 * X O X
58 * X O X
57 * X O X
56 * X X 7
55-------------------------* --X --X O X
54 * X O X O X *
53 X X O X O *
52 X X O X 6 *
51 X O X O X *
50 -----O --------4 O X --X O X --*
49 O X X O X O X O X *
48 O X X O X O X O X O
47 O X O X O X O X O X <--Column of X's that creates
46 O X O X O O X 5 * the 1st buy signal
45 -----O --O X ----O <--Sell signal
44 O X
43 O

Count the column of X's. 7
Multiply by 3 (the three box rule).
Add that number ( 21 ) to the bottom X at 47 and you have
the vertical count. 68. No need to multiply by box size
even if it isn't on a one box chart.

Ah, simplicity.
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