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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (5098)7/26/1998 1:43:00 AM
From: H.W.Melle  Read Replies (1) of 34811
 
Jan:

Thanks for your responses on the other board. I've been going through the charts in my TC2000 database and looking at the converted P&F charts in the EZPNF program. As I stated before this is a whole new experience. Went to the dorsey site and looked around and went through the charting primer. I have read the past couple hundred posts on this thread. Lousy weather here. Good time to do some more learning. I have a couple questions if someone here doesn't mind answering

#1 What do the numbers that appear in the columns signify?
#2 From my untrained observances of the P&F charts it seems that much of the move up from a bottom is missed when waiting for confirmations of breakouts whereas bottoms can sometimes be acted on a little sooner using the B Bands, Stochastics and RSI. (But you can definitely get whipsawed as well using these) Comments???
#3 This charting process seems to be geared towards intermediate to longer term investing rather than short term trading. Comments ?????

I would like to add that this thread seems to be one of the better threads I have seen. (Just sucking up a little) Ha Ha Just kidding -- My daughter was looking over my shoulder and you know what they say "out of the mouths of babes"

Thanks in Advance
Good Luck and Trading to All

Horst
hwmelle@uswest.net
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