Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: Webhead who wrote (3048)	5/18/1998 10:29:00 AM
From: Ms. X	Read Replies (2) of 34810

Hi Ed, Sorry for the delay. Starting a chart you take a look a the high and lows for a series of days (or ask your broker to send you high and lows for 6 weeks or so. They love that :-). Take a look at the first few days and get a feel whether the stock is controlled by supply or demand. For instance, if the intraday lows are getting lower everyday and the intraday highs are getting lower too...supply is in control and you will most probably start in O's. Once you have established what column, determine the box size: 0-5 = .25 6-20 = .50 21-100 = 1 102-200 = 2 You are looking for specific numbers. .9875 does not equal 1 .4989 does not equal .5 So if a stock is at 49.989 it does not make it to the 50 box. Do you understand and know about the three box reversal? Jan I am

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