Nasdaq Composite P&F count calls for 10,000 and above! Long
NASDAQ Composite IndexNASDAQ
Description
⋅ 1999 POINT AND FIGURE ANALOG
2,225 count line + (39 boxes*3 reversal*25 box size)=5,150
Actual intraday high reached on March 10, 2000 = 5,132
CURRENT POINT AND FIGURE CHART
Campaign segment #1 target:
7,360 count line + (11 boxes*3 reversal *80 box size)=10,000
Campaign Segment #2 Target:
6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232
Box size is defined as 1% of price movement at the time of a consolidation
Free PnF charts & Wyckoff Method tutorial here:
https://www.youtube.com/watch?v=jqvTQ6-D0Dw
https://www.youtube.com/watch?v=H_j0O1KcCAs