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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?


To: Tommy Dorsey who wrote (228)9/13/1999 10:08:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 9427
 
<The real play for day traders would be a 1 hour chart that equalled the now 1 day.>

Hmm, thanks. I sometimes use 45 minute charts so the brackets fit in well on the Futures Contract....9 bars a day.

But using the SPX would lend itself to the 60 minute chart better, I suppose.

So 10x3, 15x3, 20x3 and 60x3. I'll try putting them side by side on a screen. I did not think that P&F worked in "time" however. I thought whether it was a Intreday chart or daily or whatever it was immaterial. I thought it was just based on the movement and not the time of the movement.

That is, if the price rose over a period of days "x" number of points it would be the same (as far as the chart was concerned) whether one looked at it in minutes, hours, days or weeks.

But I'll give it a look.