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Strategies & Market Trends : Point and Figure Charting

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To: David N. Jones who wrote (25080)	12/22/2000 7:44:55 AM
From: Atin	Read Replies (2) of 34822

It would be the same if you were in a column of Os and you made a new O but then reversed quickly to go to a level higher than the previous period's reversal level. You'll never see the lowest O except if you were using a tick chart. That's why I think this method works best with small time frames so you don't a new high/low and a reversal beyond the previous time periods reversal level in one period. That's why it is most suited for daytrading. -Atin

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