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

To: Smooth Drive who wrote (25199)	2/15/2001 1:36:12 AM
From: Smooth Drive	Read Replies (2) \| Respond to of 34822

Anybody experimented with the daily close only on their P&F charts? In this day of high range highs and lows, a close is often times miles from the actual top of the X column or bottom of the O column. Close only are a different animal than the high and low. I'm doing some back testing with close only (yes by hand -- crap) but taking a long or short at various positions (at certain tops/bottoms or reversals up or down) and then looking at candles and volume to see what they were signaling. I'm very green with candles but they can be a leading indicator of things to come. One of the great things about Ben's program is it gives you the column beginning and ending dates. Just look at the P&F chart, then go to TC2000 and look at various candles, MA's, MACD's, volume, BB's etc on that particular date. Take care, Eric