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

To: Tommy Dorsey who wrote (5253)	1/22/2000 1:38:00 PM
From: Atin	Read Replies (1) \| Respond to of 9427

Tommy, not to put too fine a point on it but your choice of a day versus say a week means that time was a consideration for you too. The choice of interval is significant in that your charts would change almost as much when you change the time interval as it would when you change the box size. Even support/resistance and the patterns change completely sometimes. Daytraders may prefer shorter intra-day time intervals, long term investors may prefer daily or even weekly intervals. Many moves that look big on a 5 minute chart don't even show up on a daily chart. But that move could have made a daytrader a lot of money. I was trading EXDS every now and then between Sept and Nov last year while I was testing my program, just buying on support near 70 (pre-split) and selling near 80 (pre-split) on reversals on the 5 minute chart. Had a blast, made a lot of money until I got tired and just bought and held in late October and went back to doing other things (like rewriting QPnf from scratch!). But those moves don't show on a daily chart and if anything, the daily chart looked bad during the fall until late October. Definitely not saying that this is for everyone, and certainly not implying that I know more point and figure charts than the guru, i.e. you. But a day is just another time interval. Given Patrick's confusion, I wanted to clear that up. Regards, -Atin