MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerry Olson who wrote (9003)	3/24/1999 6:29:00 PM
From: Vitas	Read Replies (4) of 99985

Jerry: >>>if you're referring to the "O" in P&F speak...your wrong... P&F charts & Indicators always lead the markets direction...<<< If this is true: "P&F charts display an "X" when prices rise by the "box size" and display an "O" when prices fall by the box size. Note that no Xs or Os are drawn if prices rise or fall by an amount that is less than the box size. Each column can contain either Xs or Os, but never both. In order to change columns (e.g., from an X column to an O column), prices must reverse by the "reversal amount" multiplied by the box size. For example, if the box size is 3 points and the reversal amount is 2 boxes, then prices must reverse direction 6 points (3 times 2) in order to change columns. If you are in a column of Xs, the price must fall 6 points in order to change to a column of Os. If you are in a column of Os, the price must rise 6 points in order to change to a column of Xs. The changing of columns signifies a change in the trend of prices." ------------- then at turning points P&F charts LAG the turn. Note that "the price must fall 6 points in order to change to a column of Os" (or whatever box size times reversal amount you are using). The whole world knows that. My statement that "I would imagine at an important trend change, by the time the O hits the pavement a flier can take a 10% whacking intraday." is correct. Remember in January when IBM closed at 197 and then gapped down the next day to open at 184? It was on a P&F buy signal. Whoooooooooooops. Vitas

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next