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

To: Dave Shares who wrote (6453)	2/24/2000 8:40:00 AM
From: Lost1	Respond to of 9427

great question Dave. I anxiously await the answer from Coach Lombardi. I've used horizontals with a 1 column break, but never anything like they suggest with GDT.

To: Dave Shares who wrote (6453)	2/25/2000 10:47:00 AM
From: Tommy Dorsey	Respond to of 9427

I forwarded to tammy. t

To: Dave Shares who wrote (6453)	2/28/2000 11:29:00 AM
From: Atin	Respond to of 9427

There is another way to calculate horizontal counts that is similar to what one would use for bar charts or candlesticks and that is to look for the U formation (or the cup formation, or the saucer formation, or the bowl formation . . .) and use that as the "base". Slightly different from using a row with continuous Xs and Os in a row, but the idea does make sense. You want to see a stock that is breaking out after forming a base and a base just means someplace it has been consolidating. A continuous Xs and Os row just puts too strict a requirement on the stock movement and this is the stock market, nothing is absolute! I think this is what Tammy used for GDT in the From the Analyst 2/22 column -- she looked for the basing formation as opposed to the continuous Xs and Os row and the basing formation goes back to 3/99. -Atin