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

To: Ms. X who wrote (8076)	9/30/1998 2:41:00 PM
From: stan s.	Read Replies (2) \| Respond to of 34809

Howdy Jan...the first in a series of questions as I have time over the next few days. Okay here's a chart of RMBS which I believe matches the Dorsey site showing breakouts. I registered. geocities.com This is obviously based on highs and lows...how come? Here's the same chart based on closes....to me (an idiot) it seems a bit more apropos. geocities.com Why? Well (excluding any results today) it hasn't made a significant closing break. That's clearly shown by this Candlestick chart....the failed surge is what disturbs me....P&F moved on it. geocities.com Why would a conservative system that plays it as close to the vest as P&F base signals on shadows and surges or does it only appear to be doing that in certain cases? If the answer is 'back testing has shown that hi/lo's are more accurate...I'll accept that. I like to read surges and shadows...in Candlesticks...why in P&F? As always..regards, and yes I always look at P&F... Stan