Point and Figure Charting 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 : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ms. X who wrote (19391)	4/30/1999 7:38:00 PM
From: feewaybill	Read Replies (1) of 34811

Hi Jan you write: "Question. Does everyone see and understand how the charting worked when the market and techs were declining? This is important. I'd like to open more discussion about it so everyone can see why we take so much stock (pardon the pun) in the indicators. Tammy can help with this discussion. It is very important for you to see how this works. You all saw that the indicators reversed up yet the "market", mostly techs, fell. Why didn't the indicators change, why didn't they reverse down, why did the move up more? Who can answer those questions?" I'm thinking the answer is that the PnF indicators (BPNYSE, BPOTC,and the shorty's HILO, % of 10) are now and have been making more "buy" signals and the indicator are in "X's. This is the time we are on offense. The BPNYSE is a leading indicator. It doesn't mean we won't have pullbacks and selloffs but we seem to be making higher bottoms on the mayority of charts. If we start to get more sell signals they should show on the HILO and % of 10. For now we play the cards we have been dealt. Pullbacks that hold at support with good RS's in strong sectors could be good trades.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next