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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (4198)6/30/1998 3:42:00 PM
From: james ball  Read Replies (1) of 34808
 
Bruce on the split chart question. What happened prior to the split is gone.
Years ago when MRK split 5 for 1 the chart was a horrible as one could have
asked for. After the split the chart was as beautiful as one could
ask for. The post split chart was what was to be used and correctly
so. We can get trapped up making this is science we will go crazy.
On the question of stocks in teh NYSE Mike and I are the same on the weekly
numbers. However on the sectors we continually add more stocks to our
database as our clients require. we then set them to the right sector
and tend to have more stocks underlying our sectors than Mike has.
However our numbers come out almost exactly the same. Mike and I exchange
all our research, he gets our daily reports etc. Since we are primarily
the only ones doing the total turn key job on P&F we typically like to
stick together. We service two different parts of the investment
community with some overlap. He and I are having dinner on the 13th in New
York. He is without a doubt one of the greatest minds on Wall Street
and was totally in my corner when we started Dorsey Wright. Upcoming
we will be doing some joint seminars like we use to. Mike is also
wtihout a doubt one of the greatest human beings around today. Tom Dorsey

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