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Strategies & Market Trends : Point and Figure Charting
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To: chartseer who wrote (25416)7/5/2001 7:26:12 AM
From: David N. Jones  Read Replies (1) of 34824
 
The key for me (and I by no means have this mastered) is that quick exit. You could fill a book with bullish breakout patterns...but then you could also fill two books with breakout patterns that failed. P&F filters out much of the noise and thus makes identifying points of resistance and support clearer however taking out the noise is a double edged sword.
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