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

To: Chip Anderson who wrote (25395)	7/3/2001 9:03:10 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34808

Here are some thoughts: First:Right now, we come up with a BPI number that is around 35 stockcharts.com Looks like your chart is at 42 to me. Second: Not being a DWA or Chartcraft 'insider' I cannot tell you which issues they use. But hey, it's how they get folks to sign up for 'pay-per-view' services. You tell everyone you have the 'magic number' and then not disclose what is actually in your 'trade secret' shell game value. But back to the point, the 'classic' NYSEBP is defined as being calculated only 'once-per-week' based on the Wednesday evening closing prices per Cohen in his classic work on point and figure charting. I suggest you try creating that chart and see what you get. The chart will be significantly different from one calculated based on daily prices. The 'classic' NYSEBP chart will respond more slowly to the 'current' market condition because daily volatility is filtered out and only weekly change is accounted for. Ben A. ez-pnf.com

To: Chip Anderson who wrote (25395)	7/3/2001 7:34:50 PM
From: Gottfried	Respond to of 34808

Chip, I've read all replies to your post and mulled it over. If, after you check Ben's suggestion, there is still a discrepancy, then the explaining to be done will have to come from providers who do NOT publish their stock list and exact methodology. PS: is there a chance we can get the list of stocks in the energy bp? Gottfried

To: Chip Anderson who wrote (25395)	7/5/2001 11:53:38 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34808

Chip, You may start off by questioning the concept of trying to match what is out there simply because it is what is accepted. The first thing that I would do though is to change the default for the box size to 1pt. You will find a decent correlation to the DJIA and the NYSEBP when you do that. Another thing, I think that the BPNDX defeats the purpose of BPs. My understanding was always that the BP shows the undercurrents in the market by looking at a large number of stocks with broad descriptions (small, medium, large, different sectors etc......). The BPNDX would tend to filter out the rest of the stocks that could show early weakness (or strength) in the market. JXM

To: Chip Anderson who wrote (25395)	7/6/2001 1:29:38 AM
From: Smooth Drive	Read Replies (1) \| Respond to of 34808

Hello Chip, The boss man at Chartcraft is Michael L. Burke, who I've had the pleasure of many telephone discussions over the years. If I recall correctly when Dorsey set up his business Burke provided all the past historical data for the bullish percent charts. Following that, Chartcraft and Dorsey always use the same data for their BP charts. The NYSE bullish percents are created with ONLY equity positions. That is, no mutual funds, warrants, preferred etc. It makes a big difference. Take care, Eric