Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: HighTech who wrote (38039)	7/16/2002 6:43:49 PM
From: Jorj X Mckie	Read Replies (3) of 52237

Standard P&F would not have got you out of the market in time for the big drop. Especially if you were using the BPNYSE as your main topping indicator. The BPCOMP did give a sell signal, but the "by the book" method for P&F said to wait for confirmation from the BPNYSE. The COMP chart also gave some pretty clear sell signals. But most of us (myself included) didn't pay enough attention to it. As a result of all of that, I have changed the way that I use P&F and I absolutely rely on other charting methods and indicators to confirm or fine tune my P&F read. I still consider P&F to be my main charting foundation, but I think it is insane to use only P&F and even more insane to read the charts in a rigid manner.

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