Ah, thanks, interesting. Yes, it was the several-year p&f i was wondering about. You can adjust both the timeline and the price boxes, i understand. I keep meaning to study it closely and haven't yet ... got interested in p&f when it was used as one facet of TA to predict the comeback of CAMP this year. Of course pattern recognition, i.e. head and shoulders, and above all [imho] the fundamentals came into it. It all goes together, like you say.
What a fine collection - #reply-12260426 - i've read most if not all, but they are worth reading over periodically, imho.
Not that i follow the regimen, as i have no interest in being a daytrader or even much of a short-term position player recently. That's one reason Jordex appeals, i don't feel a need to hang around the computer in daylight hours, and can get outdoors more. Rainy days i have the java tickers running, though -g-
You likely wouldn't regard my approach as scientific, and it is not meant to be, the whole thing is a bit of a black art imho, i take everything into consideration - a wide range of TA methods, patterns, candles, MAs, MACD, now P&F, etc .. the fundamentals still above all, although i do consider things like insider holdings and their histories to be fundamentals ... and a big dose of what can only be called intuition, the result of squinting at an overview of the details and making a guess.
But investors should understand the thoughts of traders, and vice versa, eh ... cheers |
