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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Atin who wrote (25662)	2/8/2002 1:44:02 PM
From: Smooth Drive	Respond to of 34818

Ha ha ha, Yes Atin, I know that. A green horn doesn't. But hey, it's free. Pay for it at DWA, or CR if you want it "In the row" or learn to read below the line<g>. I was just funnen ya Atin. Regarding PO's, let's keep God out of this<g>. He's very busy right now. I actually have 3 or 4 different ways of estimating PO's. A great deal stolen from the work of Harry Aloof wstraders.com. When posting P&F charts I use the basic Chartcraft method. Some people like/use po's -- some don't. I do. When I discuss a P&F chart, I usually always give its po. Anyone with a little experience can look at a range bound P&F chart and see that the po is not worth a dime. But -- when you get major bottoms, breakouts or continuing trends after consolidation -- po's are very effective and helpful. You've said you are not going to put them on your charts. I took you at your word, don't expect to see them, and I'm not advocating that you do install them. I suppose it's good in that those who want to use po's should learn to count for themselves. There ain't no one right way. Take care, Eric