Eric, P&F is a great tool, it shows the relationship of supply versas demand yet not always in the most timely manor. I have found that by combining P&F with IQC and following Stochastics, DMI, RS index, and volumn that are provided in the Paid version of IQC that I can find the stock and trend using either and then analyze it with these tools.
The Paid version of IQC is available from iqc.com and is far better then the free version. Once you have tried it you'll be hooked, as you can screen using your own criteria, track, alarm, ect... You need to get comfortable with it and the parameters you are using, but once you do, many stocks will make much more since in the moves they make.
I love P&F but really find the timing much better when combining stochastics, DMI and RS index.
I believe you can get a two week free trial at IQC. With both tools I believe you too could have been up better than 40%, providing of course you use them proficently... Nice thing about P&F is the Sector and sector rotation information.
If you have not read Tom Dorsey's book called "Point and Figure Charting" , I highly recommend it, not just for the method of P&F but for the entire plan of the Trade execution...
If I can be of further help, just ask.
Just my thoughts
Later
Preston |
