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

To: Smooth Drive who wrote (18639)	4/21/1999 8:26:00 AM
From: David N. Jones	Respond to of 34811

Hi Eric I agree that 24-hour trading will eventually come to pass with maybe even a central global exchange. I am sure that the EOD data vendors will ensure a way to neatly carve up the data distribution. P&F charts could just as easily be constructed using the high/low for the morning and afternoon sessions if the data was readily available. Regards David

To: Smooth Drive who wrote (18639)	4/21/1999 9:42:00 AM
From: Dennis J.	Respond to of 34811

Hi Eric, I really appreciate your post. Am travelling, and must reply more fully later. Maybe tonight. Initial thoughts. 1) For active stocks, intraday swings can be lost to the P&F chartists by having the rule of posting only to one column each day. However, that is the limit of end-of-day data. So,in the future, computers may update P&F charts by scanning intraday (say hourly) data for important moves, then updating the historical charts with intraday "events", and perhaps drawing a single candle for the current day and changing it as the day progresses. This seems entirely within the ability of modern-day computing. Perhaps to start, this would be done on a smaller universe of stocks such as the S&P500. 2) Even with 24-hour trading, we can still "compute" and report every 24-hours. No big deal. Always appreciate your posts! Glad to hear your are deeply into candles. Come to the LV Money Show in June and let's see if Greg Morris will let us buy dinner. Would be a great evening. Every bit as interesting as P&F, and they do complement each other. Dennis