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

To: mph who wrote (23641)	9/13/1999 11:56:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 34808

Would you mind taking a look at WAVX M: If WAVX can get back into a column of X's it could get to the 17.00 area... It could test the 10.00 area on the downside... equities2.barchart.com Jim

To: mph who wrote (23641)	9/14/1999 1:51:00 PM
From: Ms. X	Read Replies (6) \| Respond to of 34808

Oh, I'm late I'm late... I can't believe I'm late. WAVX: Remember that a vertical count comes with the column of X's after the last sell signal. Even if that column of X's doesn't come right away, i.e. a couple of columns create double or triple tops. That isn't a sell signal as it didn't surpass the last column of X's. I just made it more confusing. Here is the chart. 14.0 O X O -------------------- 14.0 13.5 O X O X Med13.5 13.0 O X O --------X ---------- 13.0 12.5 O O X<--the buy signal 12.0 O 8 --X --X that makes this 11.5 O X O X O X the column to count. 11.0 O X O X O X Count this column. (11) 10.5 O X O X O X 10.5 10.0 ----O X O X O X ---------- 10.0 9.5 O O O X 9.5 9.0 9 <--The column 8.5 O X that created the 8.0 O ---sell signal. Here is the count: 11 x 3 = 33. Divide by box size. .5 (1/2) 33 x .5 = 16.5 Add 16.5 to the bottom of X's which is at 8.5 16.5 + 8.5 = 25. 25 is your vertical count. :-)