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

To: Jack Chen who wrote (5761)	8/12/1998 12:44:00 PM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34811

Jack, You wait till the end of the day and then look at the daily high and daily low price to determine whether you extend an X or O column or whether the column had a reversal occur, in that order. The method mostly used in this thread, does not allow for intra-day charting. In particular, if today, sometime, PFE touched or went below $96 for the daily low, then you would only add another O to the column of O's, ignoring the intraday high. If PFE doesn't go below $97, then , yes, today might be a candidate for a column reversal to X's based on the intra-day high price. But only after the market closes. A column a day... possible, but only with a highly volatile stock, and as long as it follows the p&f charting rules. That help? Ben A.