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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (4385)	7/4/1998 9:53:00 AM
From: Backfill	Read Replies (2) of 34811

Hello, I am brand new to P&F charting. I didn't even know I had it on my TA software. Can you give me the readers digest version of how it works. I will pick up a book about this subject ASAP. A couple of questions: 1, When I plot a graph for Lu using P&F, the graph tells me Lu closed @ 84.5 on July 2nd? Of course a graph plotted without P&F comes up on my system closing at 82.5 2, My system by default comes up with a setting of (0.5x3) what does this mean? Are these setting optimum? 3, I notice from a graph of Lu, using the above settings, that each green bar of X's are separated by a red bar of O's. What is the meaning of this? TIA Jeff...

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