Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

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To: Connor26 who wrote (72)	12/6/2000 8:18:34 AM
From: Susan G	of 5732

Connor, I am pretty much P&F clueless, but it looks to me like the red x line is the downtrend line, and is acting as resistance as it often does. A breakthrough would probably signal the end of the downtrend, which is now obvious on a candlestick chart also. I know OJ finds it helpful to look at both types of charts, as one usually confirms the other. I think P&F is a slower indicator, so more of a sure thing. I will be using that site to learn, especially when OJ coments on a P&F chart - I'll pull it up so I can better understand what he's seeing. Time for me to buy the Dorsey book me thinks. Just wish I could buy some time to study it LOL.

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