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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (3537)6/11/1998 5:31:00 PM
From: Ms. X  Read Replies (3) of 34811
 
NEW!! Point and Figure class.

Let's start something new. A Point and Figure assignment.

This will help you all get used to P&F and how it works. For those of
you who are just lurking, join in! We really want you to learn and
would love to have more join in. For those of you who know P&F like
the back of your hand, join in!

We can make this fun. If I could give out prizes I would. Maybe I
will. I'll keep track of those who participate and ya never know....
Sammie the P&F pooch might have a doggie bone for you (doggie slob not included)!

We'll start off with the basics and build from there.

Ready?!

Units of Charting.
Match correct number (1,2,3,4) to the correct letter (a,b,c,d)

Dollar amount of stock
1) 0.0 - 5.0
2) 5.5 - 20.0
3) 21.0 - 100.0
4) 102.0 and up

Unit per box.
a) 1/2 point per box
b) 2 points per box
c) 1/4 point per box
d) 1 point per box

Charting:
1) How many boxes required to reverse columns on a Point and Figure chart?
a)2
b)6
c)3
d) Doesn't matter since stocks should just be in X's all the time!

2)If Jimmy Joe's Bait and Tackle is trading at 23 today with a high of 24.975 and a low of 21.165 and the last X on the chart was at 24, what action could you take on the chart?

Jimmy Joe's
25
24 X
23 O X
22 O X
21 O X
20 O X

a) nothing
b) add an X
c) reverse to O's
d) I don't like to fish.

Answer by 1:00pm Eastern time 6-12. Detailed answers to follow!
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