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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: PuddleGlum who wrote (15952)3/2/2006 9:31:15 PM
From: Galirayo  Read Replies (1) | Respond to of 23958
 
>>Do you routinely monitor the number of PnF breaks? Is today well above the norm?<<

The Entire Flaw in PnF is there is No Time Function or Recognition of Time or Volume or Momentum for that matter. Once an Issue hits the Pre Determined Criteria. It Still shows in the Scan until there is a Negating Signal .. So ...

No .. not on a routine basis do I observe or concentrate on the PnF Part .. but I monitor the Scans as a whole. I look for ones that I'm familiar with and give em a Chart Check. I see how many are Bearish or Bullish from a TA Point of View and what the Patterns are. It's easy to see new Highs and Lows .. and what shows up within the Specific Scan Group.

Like ALAN or FXEN today, for example.

stockcharts.com[t.t_eq_s]![t.e_eq_n]![as0,20,tv_gt_40000]![yo_eq_1]

When a specific Scan or Program Picks them Up .. I figure it's worth looking at the finds and the Categories and Criteria of the Scan.

And PG .. you are not paying the price .. there is no penalty ... I'm simply drawing you into conversation .. so I can pick your brain some more. :)

We were wondering where you have been.