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

To: Ditchdigger who wrote (9235)	11/3/1998 5:45:00 AM
From: Bwe	Respond to of 34816

DD, Your questions are fine questions. Let's get right to them. As long as you understand the scaling for the price levels you're in business. As far as your first chart entry, you just need enough price data to know whether the stock is going to be in a column of X's or O's. You can then back track as far as you'd like with the price data and updat your chart. Here's what I mean using your example. Going back to 1/2/96, BTGC had a daily low of $4 1/2. Moving forward to 1/4/96, BTGC had an intraday high of $6 3/8. That would be enough to cause a 3 box reversal from $4 1/2 up into a column of X's. Anyone who was charting BTGC using accepted box sizes would now note that the chart has reversed up into an X column. You're then in tune with anyone charting the stock. You can then plot the data going forward or go back and draw the history of the stock on your new p&f chart. Bottom line, you just need enough price information to establish a trend on the stock's p&f chart to determine where a reversal into X's or O's can take place. Then you're in business. Take care, Bruce