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Strategies & Market Trends : Tech Stock Options
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To: HighTech who wrote (53483)9/22/1998 7:56:00 AM
From: Jay Scott   of 58727
 
HiTech, P&F chart on DJIA doesn't predict a revisit of 7400 unless we see a breakdown from the current up pattern.

I've been using P&F for the past five years for individual stocks and the about three years for indexes. They work amazingly well in a well behaved market. Their weakness is that they are lousy for predicting inflection points and major reversals. That is why I supplement P&F with reversal indicators like Williams RS. That is also why I think Don's cycle analysis is so beneficial, as previously posted.

I am interested in knowing if others on this thread have some reliable indicators that they are using for identifying inflection points and reversals...I would like to be able to use something for bottom fishing certain stocks.

JS
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