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Technology Stocks : Apple Inc.
AAPL 273.40-0.1%Dec 26 9:30 AM EST
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Recommended by:
david1951
Doren
oldbeachlvr
To: Doren who wrote (182735)7/10/2015 8:56:14 AM
From: Moonray3 Recommendations   of 213177
 
I have to learn how to read these charts a little better too.

Don't forget that there is instructive material about P&F charting on line: stockcharts.com

Point & Figure charting is different than other charts in that the time element is left out. This was of great
value to me when I first started trading stocks in '62. Without computers, many of us had to update our own
charts, using just the ticker tape and the next day's WSJ. P&F meant you could follow a hundred stocks
because there was nothing to update (with most stocks) on a daily basis. It was used by many traders in
the '30s and '40s. I never did get the hang of the count system used to calculate the price objective in the
target prediction. I mainly use it now (along with other charts) to show me the support/resistance points as
a stock advances/retreats.

o~~~ O
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