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

To: SBerglowe who wrote (4954)	7/22/1998 11:39:00 AM
From: Ms. X	Read Replies (3) \| Respond to of 34811

Ummm...Wizzie and SB, The vertical count on RNWK isn't right. :-( You have to look for the LAST sell signal and then start your count with the next buy signal and column of X's. Remember, you have to get another buy signal. 49 Top 48 X 47 X 46 X 45 -------------------------------------------------X ----------X --- 44 X O X 43 X O X 42 X O X 41 7 O X X 40 -------------------------------------------------X O ----X O X --- 39 \| X X O X O X 38 \| X O X O X O 37 \| X O X X O X <--Next buy signal. 36 \| X O X X X O X O X X Start count with this column 35 -------+-------------X O X O X --X O --------X O X O X O X -(8x3 = 24) 34 \| X O X O X O X O X X O X O X O X 33 \| X O X O X O X O X O X O O X O 32 \| 4 O Last Sell signal--> O X 31 \| X O X O O X X 5 X O Add the total to here 24+31 = 55 30 -------+-------------X ----O X ----O X O X O X ------------------- 29 \| X O X O X O X O X 28 \| X O O O O X * 27 \| X O X * 26 \| X O X * 25 -------+-------------X --------------------O X --------* ------------------ 24 \| X O X * 23 \| X O X * 22 \| X O X * 21 \| X O X This doesn't count 20 -------+---------X --X ------------------* 6 *since you have a sell signal afterwards.