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Strategies & Market Trends : Point and Figure Charting

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To: Dennis J. who wrote (2321)	4/11/1998 7:29:00 PM
From: wizzards wine	Read Replies (1) of 34811

Hi Dennis, Very impressive overview earlier.. Target price is calculated after the stock has been in a selling trend. The first reversal up is the signal. If the stock is above $20 then one counts the boxes using a one box size until the stock reverses into a column of O's. Let's say it went up 7 boxes. You would take 7 times 3 equal 21 plus the lowers O in the preceeding column before the buy P&F signal. Lets say that was a 21, the O at 21 plus the vertical count of 7 times 3 equal 21 would give a target of 21 plus 21 = 42. It is quite normal for this to work out and it can even exceed the target. If the stock is trading below $20 the box size is 1/2 and thus 6 boxes would equal 6 x 1/2 =3 times the multiple of 3=3x3=9 plus the last column of O's before the buy signal. In your previous post, you mention stochastics, DMI, ect, I have the paid version of IQC and find that by combining P&F with IQC data I can further maximise entry and exit points. Really look forward to your post on this thread and visiting with you in SF. Happy Easter Preston

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