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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (487)2/6/1998 10:07:00 PM
From: Ben Antanaitis  Read Replies (2) of 34816
 
TD,

Using p&f as an intraday tool for commodity trading was talked about by John Murphy in his classic work on charting. It's not even close to being a new, or even innovative, idea... perhaps now with the the newer tools at our disposal, it can become practical to use for more than the one or two issues the 'old timers' used to track, by hand, on the commodity trading floor, on preprinted graph papers they would carry around. Today, with real-time data feeds and pentium class processors on the desktop, laptop, maybe the time has come again for the day traders to follow dynamically built p&f charts as they get drawn tick by tick........

Ben A.
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