Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dennis J. who wrote (2367)	4/15/1998 5:43:00 PM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34813

Dennis, You use one price per day, either the daily high or the daily low. If the current column is 'X' you first must look at the daily high, if you can add X's you do so, and ignore the daily low. If you cannot add X's, you look at the daily low and determine if you can do a column reversal. The opposite applies if you are in a column of O's. If it trades below 79 tomorrow, and it's daily low is 76 or less, then a down column gets recorded. 79 1/8 is greater than 79, so an X may be added at 79, if one is not there on your chart, and you are showing a column of X's. Ben A.

To: Dennis J. who wrote (2367)	4/15/1998 6:23:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34813

Hi David, I'll try to illistrate the vertical count method using AFCI. You plot a new X going up from the highest whole number in the 20 to 100 price range. Let's see if I can get a plot of AFCI without killing my self... \| X 41 X O * \| X 40 -------------X O ----* ------------------+---------------X --X ------------ 39 X O * \| X O X 38 X X O * \| X O X 37 X O X O X * \| X O X 36 X O X O O * \| X O X 35 -----X --X O --O X O ----------* --------+---------------X 4 -------------- 34 X O 9 O X O X * \| X 33 X O X O O B O * \| X X 32 X X 8 X O X X O X * 1 X X O X X 31 7 O X O X O O X O X O * X O X O X O X O X 30 - O X O ----------O X O X O X --X O ----X O X O X O X O X --* ------------ 29 X O O X O O X O X O X X O X 2 X O X * 28 X O X O X O O X X O X O X O X 3 * 27 X O X O X O X O X O X O X O O * 26 X O X O X O X O X O X O X * 25 -X ----------------O ------O --O X O X O \| O X count x's up -------------------------- 24 X * O O X * O sell signal 23 X * O X * \| * 22 X O * 21 5 * * It's not perfect but I hope you can follow me, I'll never try that again and after this the wine getts OPENED!!! Now, after the sell signal at 24, go to the next column of X's to the right and count up. I believe there are 8 boxes. Multiply these 8 times a factor of 3 or 8 x 3 = 24... then go to your sell signal, the O at 24 and add this to the sell signal value... 24+24=48 Got it now??? I hope so as those dam X's and O's will not stay lined up properly, one little slip and they are all over the place. Sorry it took so long. Hope that helps Later Preston