Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Diana who wrote (17527)	4/12/1999 6:05:00 PM
From: Ms. X	Read Replies (2) of 34810

Hi Diana. Yes, you do use the vertical which in this case, is useless. Being an internet I'm not surprised. Remember, you are supposed to use the first column of X's after the last sell signal. MSGI's last sell signal was at 3.25. The count doesn't work at all from here 'cause it went way way way way past it. 7 (total number of X's after that sell signal) x 3 divided by .5 (box size) = a ridiculous 16.75. In this case, you are dealing with an animal. I'd go by nice entries with good risk reward stops.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next