I'm not sure if I fully understood your question but I think this would help. On the WaveformGraph, right click to Edit Cursors>>Add...Change the Snap Mode property>>To Plot. You can chnage this property to Floating if you want it go move to any point on the graph. Another resource that might be useful to you would be the Simple Graph example program located in the following folder.
C:\Program Files\National Instruments\MeasurementStudioVS2003\DotNET\Examples\Application\SimpleGraph
If you have an further questions, please feel free to ask.
Thank you
Nandini Subramaniam
NI