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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (2397)4/19/1998 6:58:00 PM
From: Smooth Drive  Read Replies (2) of 34812
 
Hello Preston,

A question to you or anyone who might what to discuss or pass on other TA indicators they may be using with P&F charting.

I raise this question because I recently entered a one-month competition at MarketPlayer using O'Shaughnessy Growth stocks and P&F charting. From 3/31 to present I'm up 5.02% and 241st out of 1757 (top person is at 88.53%!!)

Here to fore, I've always thought longer term and either bought or paper traded the stock I wanted when it pulled back or I placed a buy limit order (GTC). But, as you know, a stock can pull back and then sit like a dead fish for some time before reversing back up.

Other than the indicators shown at the DWA site, I have not been using other TA indicators for buy sell decisions. I have just recently began a cursory study of stochastics, Bollinger Bands, moving averages, etc., with moving averages looking the most easily incorporated.

So, anyone out there using other TA indicators with P&F? What? How? How about any short-term traders in the 2 to 4 weeks time horizons using P&F. Tell us some of the things you do (that I can steal!)

Good Investing,

Eric
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