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

To: J. P. who wrote (25701)	5/14/2002 9:27:17 PM
From: Dominick	Respond to of 34808

Resistance in 545 area. Support in 525

To: J. P. who wrote (25701)	5/14/2002 9:52:48 PM
From: OX	Respond to of 34808

PNF is more a methodology than simply the charts themselves (at least for me). i use candlesticks and pnf together, and find oftentimes it's a good confirmation of certain patterns which make themselves clearer on a pnf chart. to learn PNF I would recommend Tom Dorsey's first book on it.

To: J. P. who wrote (25701)	5/15/2002 12:39:04 AM
From: Gottfried	Read Replies (1) \| Respond to of 34808

J.P., I'm writing this after seeing OX's reply to you and just want to say I agree with everything he says. I'm glad to learn he uses Candlesticks and PnF together - I do too but was afraid to come out and admit it. I use candlesticks first because they have volume and time, PnF does not. You might even consider subscribing to the Dorsey Wright PnF service until you feel comfortable with PnF. I used to, but now get my PnF charts at Stockcharts. If you want to roll your own, EZ-PnF is good and free to try. Finally, the 'bullish percent' is the single most useful PnF concept and has no counterpart in candlestick charting. An explanation of bullish percent... stockcharts.com PS: if you're a day trader, Pnf is not so useful. Gottfried