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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (6913)9/8/1998 9:06:00 AM
From: wizzards wine  Read Replies (1) of 34811
 
Morning Jerry, Currently the last box on the NYSE is at 16 however the last number is 14.7...if it goes down to 14 even it will get a new O..

At this point for it to reverse into X's to the up side it needs a 22 even or better...

There is no correlation to a given DOW price however...the 22 would refer to 22% of the NEW signals given are BUY SIGNALS I believe...

Hope that helps...

Later

Preston
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