Silicon Investor (SI) -- The First Internet Community

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.

Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Jay who wrote (5278)	1/22/2000 10:58:00 PM
From: Patrick Slevin	Respond to of 9427

No, don't think I'm trying to argue what you are trying to present. As a matter of fact I'm investing quite a bit of money at the moment and I'm using DWA's site as a reference. This is money that will be invested for several years, I presume. In any event at some time in the future it won't be under my control so at that point it won't make a bit of difference what prompted me to buy it. So there is your horizon. I'm investing for the future, I'm buying or selling today for the rent. Either way, I attempt to get the best price going in and the best price going out. I understand that Mr. Dorsey had to pick a time frame and I understand why he picked days. I'm just of an opinion that charting by day is Time. It's a circular argument, we can go back and forth but we must agree that DWA uses PnF in Time. So they can't say that Time is not a factor. Hey I like it myself. I have traded stock based on the method. As I said I have bought stock recently because of the theory. I'm a little ticked off at this attitude that daytraders are running in front of a bulldozer but all that aside I appreciate the concept. After all, I only daytrade the SnP anyway. I happen to like the way PnF works intraday. If DWA would rather trade the SnP on a positional basis then more power to them. Other than that I'm fine with the concept of positioning stock. No hard feelings. I hope.