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

To: Smooth Drive who wrote (24598)	1/31/2000 7:48:00 AM
From: David N. Jones	Read Replies (3) \| Respond to of 34822

Hi Eric & Atin, I am enjoying the log scaling discussion as this is also my preferred method of p&f chart construction. Eric, why 2.38%? I like to trade volatile stocks and find that 3% gives me nice patterns with stocks that have a large daily trading range. I also prefer to construct my charts by first looking for a three box reversal rather than by first checking for a continuation of the current column. Atin, I guess that is how your program works as you are not working with EOD data. Keep the discussion going guys. Regards David

To: Smooth Drive who wrote (24598)	1/31/2000 7:58:00 AM
From: Atin	Read Replies (2) \| Respond to of 34822

Eric, About the percentage based box sizes -- how does one actually construct this chart? I was working on it and realized I don't know how to do this. For example, I have a stock at 100, and I am using a 2% box size. If we were in a column of Xs, does the chart add an X if the price goes to 102? What about on the way down, if we were in a column of Os, from 102, do I make an O when the price goes down to 99.96? This puts the two prices at different places. One would expect 102 and 100 to show on the way up and the way down. So maybe it goes a different way -- maybe starting from the price peak, each box would be 2% lower than the next higher row and the chart is calculated after all the boxes have been figured out. Or we start from the price bottom, each box would be 2% higher than the next lower row. This would be a pain because my charts move around in real time and my max/min move around . . . Oh, the AOL and MSFT 1 minute, 1 box charts are at: pnfcharts.com and pnfcharts.com The dates and times at the bottom tell when the column was started. -Atin