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Strategies & Market Trends : Point and Figure Charting

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To: Chip Anderson who wrote (25395)	7/5/2001 11:53:38 AM
From: Jorj X Mckie	Read Replies (2) of 34808

Chip, You may start off by questioning the concept of trying to match what is out there simply because it is what is accepted. The first thing that I would do though is to change the default for the box size to 1pt. You will find a decent correlation to the DJIA and the NYSEBP when you do that. Another thing, I think that the BPNDX defeats the purpose of BPs. My understanding was always that the BP shows the undercurrents in the market by looking at a large number of stocks with broad descriptions (small, medium, large, different sectors etc......). The BPNDX would tend to filter out the rest of the stocks that could show early weakness (or strength) in the market. JXM

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