Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Math Junkie who wrote (2430)	8/15/2002 11:59:56 AM
From: Gottfried	Read Replies (1) of 25522

Richard, you can't learn PnF without a little pain, not because it's difficult, but because it's weird. No volume, no time scale. Traders have used it for hundreds of years doing the charts by hand [it's easy to add an X or a O]. You'd have to define 'whipsaw'. :) PnF stock charts aren't useful for daytrading because small changes in price do not even register. But the bullish percent of groups is useful and intuitive: the more stocks are on a BUY signal, the more positive a group behaves. PnF charts whipsaw less than conventional charts because of the built-in treshold. Go and learn PnF. 208.149.108.67 PS: you remind me of a guy I invited sailing once. He wanted me to prove to him first that sailing would be a day well spent. He never went. :) Gottfried

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