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Strategies & Market Trends : Point and Figure Charting

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To: accountclosed who wrote (18644)4/21/1999 9:50:00 AM
From: Tammy DeRosier  Read Replies (9) of 34809
 
Antoine,
This is my first post -- I am excited to be on S.I. and the P&F thread. Anyway, let me get to your question.
Volume is taken into consideration on the chart thru price action. For instance, if there is a lot of buying (i.e. volume) this forces the price up. As the price is forced up, the chart will rise. If the volume is selling volume it forces the price down and that is reflect to in the chart by O's or supply. If the buying and selling volume are equal then the volume is of no importance.
Time is shown in the chart by the numbers. For instance, 1 - 9 standing for January, February, March, etc. A,B, and C denote Oct., Nov, Dec, respectively. We use A,B,C because the computer can't fit two characters in the space of one. Time is not important in the interpretation of the chart, it is only used as a reference point.
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