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Strategies & Market Trends : Point and Figure Charting

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To: chartseer who wrote (21434)6/18/1999 10:23:00 AM
From: Tommy Dorsey   of 34811
 
Well the problem with probabilites on Bar Chart is every pattern is subjective. It depends on who sees what. The P&F is clear. A catapult formation is a triple top followed by a rising botton and then followed by a double top. No room for any discussion. This is what makes it so different. the reason bar charts are so hard to read for most is they leave volatility in the picture and pOnt & figure takes volatility out. t
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