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Strategies & Market Trends : Point and Figure Charting
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To: james ball who wrote (13672)2/8/1999 6:16:00 PM
From: Hardline  Read Replies (2) of 34809
 
Tom

Question on Vertical Price Objective.

I believe I see 2 variations in your VPO vs Burke's.

1. You use the first column of X's that create a buy signal.
Burke used the first column of X's even if that column does not make a buy signal as long as a future column does without making a sell signal first.

An example of this would be AOL in January '99. You would use 20, Burke would use 12.

2. The lowest point you use is the lowest X in the buy signal column. Where Burke uses the lowest O.

Staying with the AOL example:
You would use 138 as your starting point and Burke would use 130.

The net/net is you would have a PO of 20x3x2 + 138 = 258
Bruke would have a PO of 12x3x2 + 130 = 202

Am I interpreting this correctly? And if so, is there a reason why you modified the formula?

Thanks
Hardline
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