Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Atin who wrote (5434)	1/25/2000 11:02:00 PM
From: The Phoenix	Read Replies (3) of 9427

Atin, Again, I'm certainly no expert - you know this stuff much better than I'd ever hope to... but if I look at the YHOO chart it seems to me you would have got a buy signal at 330...rode it up to 334. At 334 where's do you put the stop in?.. It opened at 324...last O was at 324... that means 322 would be a double bottom break - right? A sell signal..you would have lost $8bucks... from there it turned around.. You'd buy again at 331 ride it up to 333 and given the O you put in at 322 you'd be sitting on your shares still... right? The only difference I see here is that the day trader trading on P&F signals would have had one more buy and sell transaction (and at a loss) than someone using it on a daily trading basis. A typical use of this would be to buy at the end of the day missing the run up.. but the internets are an exception as I mentioned earlier.. a move by YHOO intraday to the 332 - 334 range was a move that any P&F'r would have acted on..but would have also held on knowing that the 0 wouldn't print once it bounce off the second visit to 322/321 range. Just my uninformed opinion. What am i missing? OG

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