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Strategies & Market Trends : Dow Jones Futures -- A free paper trading service -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (223)	3/7/2000 2:56:00 AM
From: Patrick Slevin	Respond to of 797

If you use QCharts then try Atin's Freeware program. He has a post over here. Message 13033576 Frankly I don't use Point and Figure as the be all to end all but it's a nice confirmation tool. The method I mentioned before does not seem bad for ascertaining trend in the event uncertainty is too overwhelming.....there are days I prefer one way or the other, I may "see" or think I see a Short but being aware that the overwhelming trend is Long I might demur from taking it as certain as I might be. Of course I'm speaking of day trading but the same caution might occur with a positional trade. There was a time that I preferred less cross-talk and so I used fewer indicators but at this point it's of little difference to me. Of course Point and Figure won't get the most of the move used in and of itself; so in my experience it's best used as a confirming indicator and to a certain extent to decide on "safe" Entries/Exits and Stops. Atin's program also works with Yahoo! but I'm told Yahoo! does not have Futures contracts. Come to think of it, for you it could be used merely to track SPX or just SPY so it may be ideal.