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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Chip McVickar who wrote (1409)4/28/2000 9:49:00 AM
From: Jorj X Mckie  Read Replies (1) of 33421
 
Chip,
P&F is price based so it will show a price spike (though it won't readily be apparent that it is a spike). Depending on the time slice used to create the chart some price action may not show up on the chart. For example, DWA will only show direction in one column of Xs or Os per day. If we were currently in a column of Os and we dropped 10pts (or whatever increment) and then reversed up 50pts, the chart would only show the 10pt drop..
Tom
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