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Strategies & Market Trends : Point and Figure Charting

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To: Dennis J. who wrote (2367)	4/15/1998 5:43:00 PM
From: Ben Antanaitis	Read Replies (1) of 34813

Dennis, You use one price per day, either the daily high or the daily low. If the current column is 'X' you first must look at the daily high, if you can add X's you do so, and ignore the daily low. If you cannot add X's, you look at the daily low and determine if you can do a column reversal. The opposite applies if you are in a column of O's. If it trades below 79 tomorrow, and it's daily low is 76 or less, then a down column gets recorded. 79 1/8 is greater than 79, so an X may be added at 79, if one is not there on your chart, and you are showing a column of X's. Ben A.

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