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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Iceberg who wrote (20328)7/26/1999 3:58:00 PM
From: chartseer  Read Replies (1) of 53068
 
PNF charts are slower moving than bar charts. You need three boxes for a reversal. Of course there are exceptions to every rule. I used the PnF chart to shoot against ECLP holding at 20. When it ticked at 19 1/2 I was stopped out. If it didn t give a sell signal at 19 1/2 I would still be long. In that sense they can be used but even that took a few days. PnF charts are more for investing than Day trading.

then again what the heck do I know?

chartseer
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