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Re: Point & Figure charts.



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<DIV><FONT color=#000000 size=2>Hello <FONT size=2>Dr Clive 
Roffey,</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT size=2></FONT></FONT><FONT size=2>&nbsp;I 
would be interested in any article, literature or formulas you write on the 
&quot; 1 point Reversal&quot; method.</FONT></DIV>
<DIV><FONT size=2>In your opinion does the &quot;1 point Reversal&quot; perform 
better than the 3 point method? If so, why?</FONT></DIV>
<DIV><FONT size=2>I am not familiar with the differences other than the value of 
the reversal.</FONT></DIV>
<DIV><FONT size=2>Thanks for your comments.</FONT></DIV>
<DIV><FONT color=#000000 size=2>Best 
wishes,<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
Adam Hefner<BR>e-mail:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <A 
href="mailto:VonHef@xxxxxxxxxx";>VonHef@xxxxxxxxxx</A></FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>C. Roffey &lt;<A 
    href="mailto:ancliff@xxxxxxxxxxxx";>ancliff@xxxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>metastock@xxxxxxxxxxxxx 
    &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Monday, October 26, 1998 1:44 AM<BR><B>Subject: </B>Re: Point &amp; 
    Figure charts.<BR><BR></DIV></FONT>
    <DIV><FONT color=#000000 size=2>I have used 1 point reversal P&amp;F for 20 
    years to trade gold and the gold shares. 3 point are used for confirmation 
    not for decision making. If you trade gilts or bonds then 3 point are good 
    as the number of price changes per day is large. For 1 point to work 
    properly you must plot every price change in the share or 
index.</FONT></DIV>
    <DIV><FONT color=#000000 size=2></FONT><FONT size=2>MS does <U>not</U> do a 
    correct 1 point reversal chart, it slavishly follows the 3 point method 
    which is totally incorrect for 1 point charting. There is no literature to 
    my knowledge dealing correctly with 1 point, maybe I should write 
    something.</FONT></DIV>
    <DIV><FONT size=2>Dr Clive Roffey</FONT></DIV>
    <BLOCKQUOTE 
    style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
        <DIV><FONT face=Arial size=2><B>-----Original 
        Message-----</B><BR><B>From: </B>Von Hef &lt;<A 
        href="mailto:VonHef@xxxxxxxxxx";>VonHef@xxxxxxxxxx</A>&gt;<BR><B>To: 
        </B>Metastock &lt;<A 
        href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
        </B>24 10, 1998 6:31 PM<BR><B>Subject: </B>Point &amp; Figure 
        charts.<BR><BR></DIV></FONT>
        <DIV><FONT size=2>&nbsp;I have been reading John Murphy's 
        &quot;Technical Analysis Of The Futures Markets&quot; and</FONT></DIV>
        <DIV><FONT size=2>he has written 2 chapters on Point and Figure charts, 
        the first deals with intra-day charts,</FONT></DIV>
        <DIV><FONT size=2>and the second deals with end of the day and what he 
        calls &quot;Optimized&quot; charts.</FONT></DIV>
        <DIV><FONT size=2>&nbsp;These trading methods have been used for years 
        in stocks and futures markets, and for this</FONT></DIV>
        <DIV><FONT size=2>reason I ask the following question:</FONT></DIV>
        <DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></DIV>
        <DIV><FONT size=2>&nbsp;&nbsp;&nbsp; Does anyone on this list use or 
        ever used P&amp;F in there trading decisions? If so how?</FONT></DIV>
        <DIV><FONT size=2></FONT>&nbsp;</DIV>
        <DIV><FONT size=2>Thanks in advance,</FONT></DIV>
        <DIV><FONT 
        size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adam 
        Hefner.</FONT></DIV>
        <DIV><FONT size=2></FONT>&nbsp;</DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Oct 26 19:56:39 1998
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From: "Von Hef" <VonHef@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Point and Figure Software
Date: Mon, 26 Oct 1998 19:02:16 -0600
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Thanks Don,
 I'll check it out.
Best wishes,
                 Adam Hefner
e-mail:      VonHef@xxxxxxxxxx
-----Original Message-----
From: Don <runadog@xxxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Monday, October 26, 1998 3:04 PM
Subject: Point and Figure Software


>I've also become interested in Point and Figure Charting.
>A shareware Point and Figure software program can be downloaded here:
>
>http://www.pipeline.com/~ez-pnf/
>
>
>Also, I was exploring Dorsey,Wright and Associates web page and discovered
>that Mr. Wright
>was speaking in my home town the following evening and the public was
>invited.  I attended the meeting and was very impressed.  Mr. Wright spoke
>for an hour and a half and touched on a few 
>of the Point and Figure technical indicators covered in Tom Dorsey's book
>"Point and Figure Charting".   He spoke on things such as "Double Tops" ,
>"Double Bottoms","Tripple Bottoms" and
>"Bullish Percent".  
>
>Dorsey,Wright and Associates have a web page and also a 2 week free trial
>for their charting
>and advisory service.  I'm going to sign up for it, but I think I'll
>purchase his book and study it first.
>
>
>http://www.dorseywright.com/
>
>
>
>Don.
>