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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (6876)9/9/1998 12:06:00 AM
From: Smooth Drive  Read Replies (2) of 34808
 
Evening Bruce,

Thanks for taking the time to memorialize your thoughts/knowledge relative to high and low poles. I did pay attention this year to high poles (both types) when the NYSEBP went Bear Alert and they certainly did generate a great deal of subsequent sell signals.

You referenced a low pole on MLHR in May 97 at 17. My Chartcraft option chart depicts that but the DWA chart is a different animal. Wonder why the difference?

BTW, on the stocks you hand chart, do you keep any parallel charts with 1/2 the box values? In other words, from 20 to 100, instead of 1.00 boxes, use .50 boxes. Vedy inturesting how they work with the parent chart.

Thanks again and take care.

Eric
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