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

To: james ball who wrote (10394)	11/28/1998 12:04:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34810

Tommy D i guess i got a little carried away<VBG>...i'll take this below the surface...using PM's.... it was EGGS that got me going...Miss Janie just mentioned it in passing....then BOOOOOM!!!!!! it was sweet guy... Hey i love P&F, without it I'd be broke.......no joke!!!! don't want to hog all these smart P&Fers from everyone else now do I???.....:>} course if I could do that???hmmmmmmm he he he

To: james ball who wrote (10394)	11/28/1998 12:15:00 PM
From: Iceberg	Read Replies (1) \| Respond to of 34810

>The top Med and Bot are simply a statistical calculation of a normal distributon bell curve. Tom, How is one supposed to know that when using the web site? I've wondered about it too. Is there an explanation anywhere at the site? If not, why not? Thanks, Ice

To: james ball who wrote (10394)	11/28/1998 11:15:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 34810

Tom,The top Med and Bot are simply a statistical calculation of a normal distributon bell curve. The top is three standard deviations above trend where trend or the middle of the bell is med and bot is three standard deviations below trend. Think back to the old statistics 101 class. Remember however that the tails of the curve can go to infinity. It's simply a statistical guide. Tom Dorsey Approximately a month ago on your suggestion, I called Jay Ball, and asked him whether more weight on the the statistical calculation which you post on the charts or whether he placed more importance on the patterns. His response was, "More emphasis on the patterns." My concern was the differences between the AMAT chart highs, middle, and lows which were posted as compared when I did the Vertical calculation method of 14 x boxes X 3 = 42 plus 24 equalling a high of $64. Another question which I have is, How often should we make a vertical recalculation after the initial rebound off the low and as a stock rises, consolidates and hits a low during the consolidation and proceeds to move up after the consolidation? My concern is, when a stock exceeds the $64 top how often do we recalculate and how much weight do we place on the calculation as it continues to make new highs. This is one of the hardest aspects in calculating projections. I have been told not to place much emphasis on the horizontal method of calculation. Is this information correct? Thanks for your clarification, Tom. Paul V.