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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (7385)	9/16/1998 6:09:00 PM
From: stan s.	Read Replies (1) of 34809

Didn't I say I'd be back? Not exactly bearing gifts but....here's a chart that tends to reinforce the P&F chart. This is one of the simplest charts ever...but all in all pretty effective for the longer term. It's a Kagi chart of the NYSE. It turns positive (buy signal) as the line thickens (I made it green instead) and negative (sell) when the line thins (red). geocities.com Why is it so simple....it merely shows buy signals when previous peaks (red or green) are broken to the upside and of course the reverse to the downside. Okay so I'll do better next time.....still scoping out the 7000 posts here Ummmm, ALL of which are absolutely riveting. Still trying to see if and where P&F figures into my use of TA. Generally I used it only to help allay fears when I wait too long to sell....i.e. I ignore my regular sell signals.We'll see... By the way I agree with you (Jan) that historically, a strong dip here is becoming less likely and that appearances would tend to indicate another leg up. However I agree with Tom that a short term dip seems likely...gettin' a bit oversold on the daily....gee maybe a chart later. Weekly continues to look good. Enough equivocation to suit everybody??...it's my specialty. Stan

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