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Strategies & Market Trends : Point and Figure Charting

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To: Atin who wrote (25628)	1/31/2002 10:43:00 PM
From: Bwe	Read Replies (2) of 34809

Hi Atin, I wouldn't think that posting Bullish/Bearish Price objectives on the p&f charts at stockcharts puts you in the "predicting" business. Price objectives on p&f charts are essential components to p&f charting. PO's are what they are. Their computation are not a judgment or an opinion any more than a chart's pattern expresses a prediction. We all know High Pole Tops are bearish. By noting it on a p&f chart, does that mean you are making a prediction on the stock?. "A principal advantage afforded by p&f charts centers on gauging the extent of future price moves." Dr. Aby from his book.... "There are two vital pieces of information sought by a trader - the direction of the price trend and the probable distance of a move....Price Objectives are but an additional tool to help the sophisticated chartist better analyze his market." Kermit Zieg from his book. Bruce

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