On a point-and-figure chart, the physical width of a congestion area. This is used to estimate the future price of a stock after it leaves the congestion area.
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A measure of the horizontal width of a congestion area on a point-and-figure chart. Technical analysts use the horizontal count to determine a price target for a stock once it breaks out of the congestion area.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.