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Strategies & Market Trends : Point and Figure Charting

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To: Tammy DeRosier who wrote (19386)4/30/1999 1:57:00 PM
From: Jorj X Mckie  Read Replies (2) of 34811
 
Hi Tammy,
We haven't met yet. I also am known as OT (other Tom). Good to see you here.

I'd like to add to your 5pt vs. 2pt box decision. I agree that one should use both of them. However, it also depends on the type of stock that you are charting. If it is one of the nuts that has wild price swings and it is trading over $100, I put a lot more credence in the 5pt chart. The 2pt chart has caused me to exit too early on more than one occasion.

JXM
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