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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Tommy Dorsey who wrote (22081)7/1/1999 3:33:00 PM
From: Nanchate  Read Replies (1) | Respond to of 34811
 
Tom,
I have a question concerning your charting of ASTN yesterday. ASTN went to 10 1/4 on the low in the morning making a 3 box reversal to the downside, but I see your charts at DWA don't show that? I used my Chartcraft and drew in the 3 box downside reversal to 10 1/2. The stock then ran up to 12 3/4 but I ignored it as "noise". I patiently waited until today in seeing the 12 to then put my X's in for an upside reversal and just recently here now another X to 12 1/2 and if we print 13 today we will have a breakout. Is there a situation I am not aware of where I should have ignored that downside reversal yesterday and instead have printed the 12 1/2?
Thanks,
Nanchate



To: Tommy Dorsey who wrote (22081)7/2/1999 9:23:00 AM
From: PuddleGlum  Read Replies (1) | Respond to of 34811
 
Tommy-
Keep on enjoying the beach. Got your book in the mail a couple days ago, received my DWA cap yesterday, life is good!

I really like the new look on Idea Generator.

Remember many months ago when you suggested that I try toe-dipping into the internets? It's working. Sometimes 25 shares, sometimes 50. Quite a few splits have occurred since I started this.

Thanks,

pg