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Strategies & Market Trends : Point and Figure Charting

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To: Paul V. who wrote (13260)1/30/1999 8:54:00 AM
From: wizzards wine  Read Replies (1) of 34811
 
Morning Paul, PO in a vertical count method is normally figured after a stock has bottomed out or as a lesser indicator after the last sell signal but this is questionable....

In the case of AMAT the last sell signal was at 41 the reversal coming after the last O at 40 with a string of 6 boxes up...6 x 3=18 +41=59

Sorry that at the present time I cannot help with a PO based on a vertical count method...beyond what I have thus far...

Then what the heck do I know???

Good trading

Later

Preston
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