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

To: ron delany who wrote (6539)	2/29/2000 11:37:00 AM
From: Ms. X	Read Replies (3) \| Respond to of 9427

Hi Ron, PnF counts the high and low for the day not the close price. What is the vertical count you are working on? Can I help? Jan I am

To: ron delany who wrote (6539)	2/29/2000 10:38:00 PM
From: Atin	Read Replies (1) \| Respond to of 9427

Usually people use the high/low for the time period under test but you could use just the close if you wanted to. I think the high/low are more accurate reflections of support/resistance so if you have the data, you should go with the high/low. But if you were using tick data for example, you'd go with just the "closes" 'cause a tick doesn't have a high/low. Moot for DWA charts -- they use high/low because DWA does daily data and I think high/low is best for that. QPnf (my free point and figure charting program that can use free delayed data from Yahoo as well as realtime data from Quote.com) will use the high/low for most time-frames if you so choose, but will use just the closes for tick data. And it will now do the calculations of vertical counts for you if you are so inclined. Beware tho, stocks don't always hit their vertical counts :-) -- in fact, I want to see a study of their reliability . . . -Atin pnfcharts.com