Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Rich1 who wrote (57785)	10/27/2000 6:33:43 AM
From: Atin	Read Replies (1) of 63513

P&F is a trend following system, and when we were trending it worked great. Now we're in a trading market and daily P&F is not going to be as successful as a different system that uses overbought/oversold oscillators. The question to ask is whether we're in a trading range or a trending market. You've won half the battle if you can answer that. Once you know, you know which set of tools to use. P&F is going to work again, but every trading type person needs two sets of indicators if s/he wants to play in all kinds of markets. For long term investors it is better to use just P&F, and get out at the stop loss points and stay out until P&F chart patterns and trendlines start to both go the right way. That way the long term investor gets to stay on the correct side of the trend if there is a trend and stays out while there is no trend. But what do I know . . . I didn't get out of my LT portfolio on the damn P&F sell signals either. Thankfully the short term portfolio is doing alright using the oscillating indicators. -Atin

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