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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: stockycd who wrote (1547)	12/14/1999 10:28:00 PM
From: OX	Read Replies (1) \| Respond to of 2103

learning PnF... very cool. 2 box reversal, but how many points per box are you using? The 'standard' pts per box is 10 and a 3 box reversal (always 3box rev per dorseywright.com). but 10pts/box is a volatile chart. The 20pts/box is better and it reversed today too. Of course, you could go w/ 40pts/box, which is essentially what QQQ is (as per Eric Stevens). It has not yet reversed, but will at 156. With the way things are going, it is probably a buy signal (not a PnF buy signal tho :-) ps. i stopped looking at the PnF charts for NDX/QQQ awhile back... it doesn't make any sense until we get back into some discernable pattern (but UP)... but that's just me. you'd have much better luck charting BPNDX instead... it seems to show some merit (as you have keenly pointed out) and looks even more volatile than the BPINET (if that is possible :-).