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

To: papi riqui who wrote (22401)	7/15/1999 11:20:00 AM
From: Tulvio Durand	Read Replies (1) \| Respond to of 34811

Papi, I second your computation of CAMP's PO = 14.25. It would appear that the 1/4-box size for 3 of the Xs escaped attention of both DSG and our venerable, but human, teacher. Tulvio

To: papi riqui who wrote (22401)	7/15/1999 12:22:00 PM
From: Alan Smithee	Respond to of 34811

PR: Looking back on the computation, I agree with you. $14.5 it is. I'll still be happy with that.

To: papi riqui who wrote (22401)	7/15/1999 2:13:00 PM
From: Ms. X	Read Replies (5) \| Respond to of 34811

Vertical Count on CAMP. Remember the count comes with the column of X's that creates the first buy signal after the last sell signal. 9.0 ------* ------------------------------9.0 8.5 * X 8.5 8.0 ----------* ------------X ------------8.0 7.5 * X X 7.5 7.0 --------------* ----X O X ------------7.0 6.5 * X O X Med6.5 6.0 ------------------* X O X ------------6.0 5.5 X X X 7 5.5 5.0 ----X O X O X --X --6 ----------------5.0 4.75 X O X O X O X O X 4.75 4.50 ----X O X O X O X O X <--Column that creates the first buy sig. 4.25 X O X O 5 X O * 4.25 4.00 ----X O ------O <--Last Sell Signal The column of X's to count does start at 4.5 and so two boxes should be divided by .25 but we needn't be that picky for only two boxes, therefore we will use the division of .5. There are 8 boxes. 8x3=24. 24 / .5 = 12 12 added to the bottom of the column (4.5) = 16.5 Always take the vertical count and check it against any resistance is at that level. If there is resistance at 16, you can use that as your judge. If the resistance is at 17 you can use that as your judge. If there is no resistance beteeen 15 and 20 use that as your judge. See what I mean?

To: papi riqui who wrote (22401)	7/15/1999 10:55:00 PM
From: Bwe	Read Replies (2) \| Respond to of 34811

Hi Papi, Another way to compute the price objective for CAMP would be to use the "Horizontal Count" method. The Horizontal Count is quite useful for stocks that emerge from good solid bases. The count is taken across the widest solid line of the base. In CAMP's case, there are 9 horizontal boxes at the $4.75 level. Then compute as you would with a vertical count (9 x 3 x $.25 per box = $6.75). Add to the bottom of the base ($4 + $6.75 = $10.75). To quote Carroll Aby from his excellent book: "Chartists utilize the horizontal count to obtain intermediate-term price objectives." "The underlying theory of the horizontal count suggests that lateral patterns with more width have greater price potential. Conversely, more narrowly defined sideways base patterns and consolidations usually offer less potential." Bruce