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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (24470)8/17/2001 1:24:35 PM
From: TREND1  Read Replies (1) | Respond to of 30051
 
Rich1
From a math point of view, Point and Figure charts are a
filter. And there are many filters. A moving average is a filter.

As I have said in the past, a moving average is so simple to calculate, but the complex math behind this simple filter is very interesting from a freq distribution of the cycles it lets pass and not pass.

Point and Figure charting has this very simple and very complex nature about it too.

Hope that helps

Larry Dudash