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

To: Tulvio Durand who wrote (8664)7/13/2000 2:52:20 AM
From: SpecialK  Read Replies (1) | Respond to of 9427
 
Re: Price objectives - vertical count.
Tommy has said it only counts for a buy signal following a sell signal. Unfortunately, this gives a 40 PO on CAMP which is now in the 60s.

Others who follow PnF, have told me they recalculate for each following Buy signal.

Any suggestions?



To: Tulvio Durand who wrote (8664)7/13/2000 11:01:00 AM
From: Ms. X  Respond to of 9427
 
Price objectives are only a guide - they were never meant to be absolute. It gives an idea of the momentum in the stock and where that momentum can carry it. Now, if something happens to the stock in the meantime, the momentum can change.

In general, if a stock has a broad base, a real broad base of 7 columns or more, the horizontal is good. If the count comes from no base but from a strong up move a vertical is preferred.


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