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

To: Craig Monroe who wrote (7399)	1/3/1998 8:11:00 AM
From: Chandler H. Everett	Respond to of 12039

Craig....it's really very simple, almost too much so. Put up a P&F chart in any software package you have, print it, and then turn it 90%......you get a tower leaning in an obvious direction and you get a sense of momentum you didn't quite have before. Remember, I was doing this in the early 70's when TA was only just getting looked a seriously and our tools were crude and all done by hand. Richard tells great stories of the hand-done charts he started with. BW Chan P.S. I use a 3 point reversal P&F with units of 1 point above a price of 30 and 1/2 a point below.