Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Broken_Clock who wrote (17189)	3/30/1998 1:17:00 PM
From: Ms. X	Read Replies (1) of 95453

Papaya, *OT** I saw your question to Lisa about the three box reversal. Point and Figure measures supply and demand and does not work on a time schedule. The way the charts are structured it takes three boxes to reverse a trend. This could take one day or years depending on the movement of the stock. Without going into to much detail, there are variances with the box size depending on the stock price. Stocks trading from $0-5 have a box size of .25, from $5-19.5 have a box size of .50, from 20-100 have a box size of 1, from 102- have a box size of 3. In UTI's case it took a total price move of $1.5 to generate the three box reversal. Hope that makes sense, Jan

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