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

To: Atin who wrote (25201)	2/15/2001 8:23:37 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34822

All- Some clarification and other thoughts and observations: EZ-PnF will automatically create p&f charts that are based on Hi-Low OR Close OR Daily average (Hi+Low)/2 price data. The end date of one column (EZ-PnF records this as the actual date the last X or O in the column was plotted) is not the same as the start date of the next column (which EZ-PnF records as the actual date when the first X or O can be plotted). The EZ-PnF method reports the time it takes for the price to change the amount necessary to create an N-box reversal where N is 1,2,3,4, or 5 boxes eg a stock might hit it's high in a column of X's in January and then it may 'idle'/'stall'/'oscillate' around that price until April or May or who knows when before it dips down enough to create the first 'O' plotted in the next column of 'O's, etc. Noting and recording this time span in the column 'end' and 'start' dates adds valuable information to the p&f charts EZ-PnF creates. Using daily 'close' prices is not rare, in fact it is what the FastTrack folks do because they mostly study Mutual Funds where daily high-Low is meaningless(they use NAV ie close data), and also because FastTrack's data service only provides E-O-D Close prices. FYI EZ-PnF also directly accesses/reads the data contained in FastTrack databases Ben A. ez-pnf.com