Q: Could the market fill the "gap up" made at the end of October 1999 on the Nasdaq 100 tracking stock QQQ (it can be seen on the chart from 63.75 to 65) if the theory is right that a gap is always filled in the short or in the long term? I would like to know your opinion on that topic...

(Current Chart for QQQ)

A: I believe this breakaway gap is too long ago to really count. I consider gaps short-term chart formations that hold validity for 1-4 weeks. I try to avoid using the work always when it comes to technical analysis. Just when something starts to work, it seems to be proved wrong. By the way, there is a support zone in the low 60s based on the consolidation in Sept and Oct-99.

Cheers
Arthur Hill

Q: The dynamic Point & Figure charts now have numbers 1-9 and letters A-C on them. Where can I find information on what these numbers and letters mean?
Q: Today I called up a P&F chart for CPQ. In some of the columns there were numbers, in some of the columns there were letters and in some of the columns there was neither numbers nor letters. I have never noticed the numbers and letters before and have been unable to find any information on them on your site. Can you please tell me the significance of the numbers and letters or tell me where I can find information on these items?

A: The numbers represent each month, and mark the day where the month begins in the chart. The letters represent all of the double-digit months (A-Oct B-Nov C-Dec). This is a more traditional way of showing the months on point and figure charts. Since the charts are column-based, a double-digit month would throw the columns off, which would make the chart useless. If you prefer not to have this feature, right-click on the chart and select "Hide Month Numbers".

For more details, see Using the Dynamic Point and Figure Applet. And don't miss our new Classic Point and Figure Applet.

Hope this helps!
Kellie Erlandson

Q: A few days ago I noticed that Canadian stocks weren't being updated during the day. Will this be fixed soon? I really like following my Canadian stocks on your site.

A: We are in the process of upgrading our data feed so that it will support intraday charting (1-, 5-, 15-minute bars, etc) and so that the site will be more responsive. Unfortunately, part of that upgrade process has had an impact on our Canadian data. We are working hard to resolve the problem with our data vendor. Sorry for the inconvenience. As of now, we are able to update our Candadian symbols on an end-of-day basis.

More on this in the November 11 2000 issue of Chart Watchers Weekly, our free weekly email newsletter. Have you subscribed yet? It's a great way to keep up with site changes and updates.

Chip Anderson