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Strategies & Market Trends : Point and Figure Charting
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To: Smooth Drive who wrote (6965)9/9/1998 12:19:00 AM
From: freelyhovering  Read Replies (2) of 34808
 
Eric--The rules of P&F state that entries can only be made in one direction per day. Today GLM opened at 13.5 and then traded down into the low 11's. If it opens tomorrow at 11.5 and then goes to 14, which way do we do on the chart mark-up? Also, would a day trader benefit from changing the rule and making two entries today and viewing the ll area as a correction from the high of 13.5? Myron
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