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.

Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (11801)	4/2/2001 2:40:18 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 12039

As Achelis says about the Zig Zag indicator, "its hindsight is much better than its foresight," because the last leg can change The big problem with Zig Zag, and we might also say the same thing about PnF, Kagi and other similar approaches, is that the trader has discretion as to what constitutes a swing. In ZigZag a percentage is selected by the trader... In PnF the box size is selected by the trader... Otto SwingCharts(tm)(circle thingy) are based on ... the Cadbury Secret(tm)(circle thingy)(top secret)(yummy filling)