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Strategies & Market Trends : Point and Figure Charting

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To: ViperChick Secret Agent 006.9 who wrote (14034)2/16/1999 11:17:00 AM
From: Jorj X Mckie  Read Replies (2) of 34809
 
VC,
I need some help
Yes I know.

EGRP would have reversed on Friday except for the fact that at one point it hit $49 and therefore it pegged another X in the column. If EGRP hits $46 today, it will reverse to a column of Os.

The logic in building the chart.
-If in a column of Xs, did the stock move up one box? If yes, place X
-If no, did stock price reach a point 3 boxes below highest X? If yes, place O.
-If "no" to both, do nothing.
-If "yes" to both, only mark the box in the column that the chart is already in. (can only show activity in one column per day)
Tom
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