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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: starbreak who wrote (27443)12/22/2000 11:23:24 AM
From: chartseer  Read Replies (1) of 53068
 
VRSN: I am probably the wrong person to ask about short term trades. PnF is usually thought of as a guide of supply and demand. There isn't any time on PnF charts.
xocharts.com
There is however a PnF theory based on work of Blumenthal and Cohen which states that if a chart reverses up three boxes after 18 or more boxes straight down there is a good CHANCE for at least a 1/3 bounce. This usually works out more times than not. It is called a long tail reversal.

then again what the heck do I know?

chartseer
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