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

To: wizzards wine who wrote (3627)	6/12/1998 7:15:00 PM
From: Ms. X	Respond to of 34811

Answers to Point and Figure Quiz #1 Not too many participated :-(, but those who did were all 100% correct! I am keeping track of those who play this little quiz game so if your not participating cause you think it's too easy or too hard..... Well, let's just say I have the full backing of the Big Guy... Answers to Quiz number 1: 1) C 2) A 3) D 4) B Units of Charting 0.0 - 5.0 = 1/4 point per box 5.5 - 20.0 = 1/2 point per box 21.0 - 100.0 = 1 point per box 102.0 and up = 2 points per box Charting: 1) How many boxes required to reverse columns on a Point and Figure chart? a)2 b)6 c)3 d) Doesn't matter since stocks should just be in X's all the time! 2)If Jimmy Joe's Bait and Tackle is trading at 23 today with a high of 24.975 and a low of 21.165 and the last X on the chart was at 24, what action could you take on the chart? Jimmy Joe's 25 24 X 23 O X 22 O X 21 O X 20 O X a) nothing b) add an X c) reverse to O's d) I don't like to fish. Jimmie Joe's would have needed to trade at 25 even to add another X on the chart. If it had not and had traded as low as 21 even, three O's could be added for the reversal. Quiz #1 Message 4825326

To: wizzards wine who wrote (3627)	6/12/1998 7:19:00 PM
From: Ms. X	Read Replies (5) \| Respond to of 34811

Point & Figure Quiz #2 Match the patterns to the charts below. A) Double Top B) Triple Bottom C) Bullish Triangle D) Bearish Signal Reversal E) Spread Triple Bottom F) High Pole G) Bearish Catapult H) Double Bottom I) Bullish Catapult 1) X X X O X O X O X O X O X O 2) X X X X O X X X X O X X O X O X O X X O X O X O X O O X 3) X X O X O X X O X O X O X O X X X O X O X O X X O X O X O X X O O O X O 4) X X O X O X X O X O X O X O X X O O X O X X O X O X O X O O X O X O O X O