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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (269)	2/1/1998 11:21:00 PM
From: Gottfried	Read Replies (3) of 34816

P&F, I have Dorsey's book, but he always starts with an existing chart. No problem there. He does not cover how you start the first column in a new chart. I understand how to update an existing chart. The closing price is never used. Think of a stock that has just had an IPO. There is no prior price history. How do you represent the first days price? Do you use the high or the low? It makes a difference. Since you have access to Tom, maybe you could ask him? GM

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