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

To: Jack Chen who wrote (5735)	8/12/1998 9:55:00 AM
From: Ben Antanaitis	Read Replies (2) \| Respond to of 34811

Jack, It looks like you are way off course here. Sorry, but Point and Figure charts, using the standard techniques defined by Cohen, Burke, et al, and displayed in Chartcraft, DWA and Scooby, only look at the daily high or the daily low price to determine if an X or an O is to be added or a column is to be reversed. Your charts have to look very, very different than those being used by almost everyone else. Ben A. ez-pnf.com

To: Jack Chen who wrote (5735)	8/12/1998 10:00:00 AM
From: Ben Antanaitis	Respond to of 34811

Jack, If I could make a suggestion. Get a copy of EZ-PnF and run your data thru it, selecting first 'Closing price' and then 'Hi/Low price' to see the vast difference in the p&f charts produced. Some folks do use 'Closing Price' for p&f charts, but that is mostly in the special case of mutual funds or other indicators where only one 'price' is generated per day. Ben A. ez-pnf.com