Good Morning Tommy and Thread...
I can say without question that i have been one of the most vocal supporters of P&F and DWA for at least 2-3 years now...i love to PIFF..and i'm not bad at it either...
when i got an opportunity to do that interview in Active Traders Magazine,...every word of that article was true...every word...
Point and Figure Charting has in fact changed my trading/investing life... but the problem as i see it is as follows.....
because of the volitility and swiftness in market moves, it has become more of a lagging indicator now...
not so much the Stock Charts Tommy, but the indicators... they got whipped around so much...during the Mar thru May time frame..that i did not use them...
when we bottomed after the Apr lows, i knew these indicators, by being at such low levels were going to give buy signals...and they did...
in fact normally we would have put the OFFENSE on the field at that time...in fact according to all the indicators this past 1-2 weeks, we WERE on offense and moving up..i was not..
the NYSEBP was very near aBUY signal at just over 44%...all other indicators were positive....while everyone was getting hammered hard..
if people took those indicators literally...and went long on those reversals..they are being hurt right here and right now...there has been nothing short of relentless selling into every rally...stocks that looked like they were recovering are not...and who knows where they will go from here..
the indexs Tommy are all looking bearish...the top tier tech stocks charts are in a shambles..triple bottoms etc..breakdowns everywhere...bearish triangles and catapults..
so i think people here have not been 100% honest...they have been battered along with everyone else in this trecherous market..portfolios are destroyed Tommy, down 50-80% from the early March highs,...
right now in the BP charts..26 are in bull confirmed or bull alert..16 are bearish...some of the indicators are turning down again...but thats not the point...
DWA must address this hole thats so apparent in these indicators or people will be crushed trading them in lock step...this market is different than any other market ever..
and i feel this is what type of market we have now..maybe it will get more difficult to trade, i don't know....but i need to understand what DWA is going to do to fix this...
i need to feel ultra confident in my reads..in my feels, in my assessment based on P&F to help guide me thru this wild, destructive market...sure when it's good, everyone's happy..but it's the bad times that P&F must help move us to safety...
in Mar/Apr some time, i addressed a post to you about the indicators, they looked bullish to me..your reply was well they look ok Jerry, but the OTC internals don't look right...you posted that here on this thread...obviously you were right...but i had no real clue as to how prolific that statement was going to be...
all i am saying is..DWA has always been there...quickly addressing what the needs of their clients are....well we need to have that now...i for one will help in any small way i can...
let me also talk about us cheap seaters...the $35.00 guys...i rarely use the sort and search tool in this package..i would prefer to maybe have an "option" section instead for us option traders..and while the From the Analyst is always informative.....throw bricks in there, yeah someone said 2X4's...hit us with the hard cold facts...
it should reveal internal numbers so we can move more quickly in our trading/investing decisions...i don't want something for nothing..please do think that..but maybe a shuffle of what we can get and use would be in order..
maybe Tommy, you need to remove anything on the site thats not being used or clicked on...the site is slow, and during the day when i want to look at some charts they won't load..so i shut it down....it needs speed desperately..i have cable modem hook up here at home...
also Tommy, i have not been getting all charts updated after the close of trading...i like to be able to read charts the next morning..and its real annoying not to have those charts updated...
another thing that must be addressed is this...if a charts in a column of X's, and the stock prints a higher number than yesterdays high, but then sellsoff to a lower low..it will not be on that chart..i know you've discussed this here before..but it needs to be taken care of somehow...this is called an outside reversal day..and means there's a change in direction..just something to think about here..
the craziness of the volitility is whats creating all the havoc...somehow this needs to be updated in our charts....we do not want bells and whistles...we, i am sure appreciate any enhancements for trading Tommy, rather than any ginger bread stuff..
today's market is more a traders market right now..DWA has to be flexable, changeable to the markets..i am certainly not saying the P&F should change..heck thats the mainstay of our basic understanding of these stock charts...
but something needs to be done..what?? i'm not smart enough for that...but you are, and so is your dedicated staff...
speaking of dedicated..i am one of those stalwart Piffers that loves the service and the people..let's all just do what has to be done here..if at all possible...
with warm regards to all...Jerry |
