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Strategies & Market Trends : Point and Figure Charting

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To: Perry Ganz who wrote (18337)	4/18/1999 11:23:00 AM
From: Iceberg	Read Replies (2) of 34820

>any pitfalls on P & F for a beginner to worry about? Perry, Yes. Maintain a healthy skepticism about the efficacy of PnF; especially maintain a skeptical approach as it relates - or does not relate - to TIME. Time being, your time horizon vis 'a vis a stock, vis 'a vis any particular PnF chart. PnF charts primarily and fundamentally plot supply vs. demand as reflected by stock price action. Be exteremely careful about injecting any timing aspects into PnF chart interpreations. Ice

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