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

To: papi riqui who wrote (19383)	4/30/1999 1:38:00 PM
From: Tammy DeRosier	Read Replies (2) \| Respond to of 34811

That is a very good question -- use the 5 pt box or the 2 pt box. This is where the art of the methodology comes in. For a very short term trader I would, at the moment, use the 2 pt box. But not so much for each double top and double bottom but rather to show ranges of support and resistance. For instance, on MSPG looking at the 2 pt box chart I see that the lower to mid 80's is strong support while the 125ish area is resistance. Pull up the 5 pt box and this is even more clear. Use the two together to help you. I would also suspect that as MSPG moves higher you may find the 5 pt per box more useful and the 2 pt less useful. Hope this answers your question.