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

To: XOsDaWAY2GO who wrote (9347)	11/6/1998 6:37:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

ok Barbara, I just went to the Bible :-) for SPLN and counting. Yes, you can use any new buy signal to get a vertical count, but we normally start with the first one off of the bottom and then use the others along the way as a further measure of strength... Where one adds the count to is always the key question(page 24 para 2, Tom's book) "When that is done, add the result to the bottom of the line of X's(where that column began)" Thus I added it to the wrong column before, but remember it's just an ESTIMATE OK... So we start again, the first buy signal was at 11 and that column went from 9 to 16.5 =16 boxes times .5=8 times multiple of 3=24 plus the bottom value of the column of the count which was 9 so 9+24=33 not 31 as I said eariler. Let's further expand on this counting and look at the action of the second buy signal at 17... This one gave the buy at 17 and started at 14. Thus 8 boxes times .5 = 4 times the multiple of 3=12 plus the value of the count column start of 14 is 12+14= 26 so far. The idea is to give one an idea of where it may go. Hope that helped. Later Preston