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Strategies & Market Trends : Point and Figure Charting

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To: P. Ramamoorthy who wrote (735)	2/16/1998 11:19:00 PM
From: Ben Antanaitis	Read Replies (1) of 34812

Ram, Always look at the daily high and the daily low price to determine what needs to be done. Ignore the daily open and the daily close. If the daily high price has gone up enough to add an 'X' to a column of 'X's do it based on the daily high. If you are in a column of 'O's and the daily low allows you to add an 'O', do it. If the daily high or daily low has moved enough to reverse the column, do it. Only work with the daily high and daily low price, if you are following the Traditional P&F scaling method that Tom teaches. The RS calculation is (stock$/Dow$)*1000 Ben A.

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