Point and Figure:

[hcong <hcong@xxxxxxxxxxxxxx>]

List:

I have some observations about the point and figure charting in
Metastock, and do not know whether I am right about it:

1. Point and Figure  charts should have the box plotted at the price
(eg: $1), not between the price (eg: $1.00 and $1.01 for $0.01 box
size). I think what equis had been doing is not quite right.

2. The above is compounded when reversal happens.  When a X (up) is
plotted, the top of the X is where I take the reading, but when a O
(down) is plotted, the bottom if O is where the reading should be
taken.  I think this will affect the counting of nos of box in each
columns, thus the target projection.

Any comment form fellow list member and Equis on this?

And one more thing:

This there anyway I can code a exploration formula for point and figure
breakout?  Any web site that I can see some example of such exploration?



-- 

Regards.

Ong Hock Choon
hcong@xxxxxxxxxxxxxx