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


To: Gottfried who wrote (271)2/2/1998 7:48:00 AM
From: Ben Antanaitis  Read Replies (1) | Respond to of 34824
 
GM,

Take a post-it note, write down the first price you have... then wait until you see a price change that is big enough to produce a 3 box move. That will start you out with a 3 box column with a direction. Since you cannot do anything with a stock that only has one column you really haven't missed much.

Ben A.

PS OR you just feed the data into my EZ-PnF program and wait until it produces a chart for you ;-)



To: Gottfried who wrote (271)2/2/1998 9:50:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34824
 
Hi Gottfried,
I passed the message to Tom.
My guess is you would look at the trend for the first week of the IPO. If it is making consistant highs, start with X's. If it comes out with a bang and then drops off, start with O's.
Dorsey is out of town until tomorrow. He is very punctual about his answers so I expect to hear back from him by tomorrow afternoon.

Until then,

Jan



To: Gottfried who wrote (271)2/2/1998 7:34:00 PM
From: Ms. X  Read Replies (4) | Respond to of 34824
 
Gottfried,
It was just as I thought. Here is Tammy from Dorsey Wright giving a better explanation than I did about how to start a chart.

to answer GM about an IPO. Let's say the stock starts out with a high
of 24 and a low of 23 the first day. the next day it trades at a low of 22. I would start a column of O's at 24, to 23 and down to 22. After three columns, your charts will come into line no matter whether you start with X's or O's.