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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (17973)4/14/1999 10:05:00 PM
From: Lost1  Read Replies (3) of 34824
 
Princess, I was about to close out my VERT position when we hit 104, then I noticed Jorj's post about the 5box with regards to the nuts. This gave us a stop @ 100. So here we are. When is it appropriate to go with a bigger box size? Is it strictly a price issue, say > 100, or does the sector itself come into consideration (..ie volatility factor)? It sure does help to have the charts to follow on days like today. It allows me to remain confident in my plan and not be chased away. Then again, A very wise man once told me, "Get out if you are 10 points off a top and profitable." That strategy would have been very effective in this situation.

Thanks as always,

Lost1

ps--Jorj gets his official thanks tomorrow..I hope!
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