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

To: Bull4Now who wrote (880)	2/19/1998 6:27:00 PM
From: bobster	Read Replies (3) \| Respond to of 34816

Sure is getting wild in here. I've been investing in this market for a while now, and have beaten the averages every year. In some cases, like last year, by more than double. I think I'm a pretty smart guy. And yet, I've learned a bunch of stuff from both of you. It's OK if Ben likes his system best. Others will too. Bull4Now likes Dorsey's stuff. Others will too. That's great. It's a great country we live in, isn't it. Different opinions, said respectfully, add to the value of the entire thread. Getting rough with words just messes with everyone's head and often chases away good contributors. Sometimes it keeps shy outsiders from expressing what might be a very valuable opinion, for fear of being ridiculed. You both have always added a lot of value to this thread .... hope we can keep it that way.

To: Bull4Now who wrote (880)	2/19/1998 7:43:00 PM
From: Ben Antanaitis	Respond to of 34816

Bull, Well, since you asked, I get to respond, and the more I respond the better EZ-PnF is going to sound for anyone who wants a cost-effective point and figure charting program. ---- 1)You make the claim that your p&f software is the best, yet you obviously haven't done any true comparison between it and RTR (and possibly any other p&f software). Wrong! If you buy the RTR package, it is a vast overkill if you only want to create P&F charts.. which is what I am talking about. If you pay RTR either $199 or $425 for just the P&F stock charting function well, you paid either $181 or $407 too much. If you buy Metastock for only it's P&F stock charting function, you'll find that it cannot create a P&F chart with the Chartcraft/TD scaling and you'll pay hundreds more than EZ-PnF. If you buy Metastock for it's other functions then EZ-PnF is a complimentary P&F function that can read the Metastock database. TC2000 doesn't do P&F charts. EZ-PnF reads the database. $tokTrax has TA functions but cannot do Chartcraft or logarithmic P&F charts. EZ-PnF reads the database. Parity Plus 1.5 Stock Analysis program does P&F charts, Fixed, Log but not Chartcraft and costs $79. MAximizer($50), ChartPro($30), MegaTech($175)TA programs make fixed box P&F charts but do not create logarithmic or Chartcraft scaled charts. EZ-PnF can read their databases. I have personally used all of the above with p&f capabilities, that's one reason I wrote my own... to overcome the deficiencies I found. Chart and ease-of-use Comparisons: go to piplein.com (yes, my web site) and look at the charts.. they were produced with the latest version of EZ-PnF.. the same level you can download. You should download the package and try it out... that's the real comparison and it's the user who needs to decide if has the ease-of-use and format they want to use. Benchmarks?? You either make a chart or you don't. The chart is either correctly scaled or it isn't. The program either reads your data or it doesn't. Try it out with your data... make your own comparison. --- 2)The Dorsey site allows you to create your own stock portfolio with associated p&f charts. Yup, it does, never said it didn't. But can you whistle up a 4 box reversal chart? Or do a relative strength comparison of say Seagate vs Western Digital? Ez-PnF can chart that data if you have it in ASCII form from your spreadsheet. --- 3)How exactly does your program help a user "Learn to use P&F"? Well, there are a number of ways you ca use EZ-PnF to learn P&F. If you are sitting down and trying learn to plot a chart by hand, you can open a text editor, type in the day's data, close the file. Take whatever action you think is required on your hand drawn chart for that new days data. Then run EZ-PnF and see what it does with the data you've typed in. If EZ-PnF draws an 'X' or 'O' or reverses or does nothing, then that is what you should have done. If you have data and just let EZ-PnF plot the chart for you, you can then use any of the P&F books to learn to identify the P&F patterns that may be developing or be in effect. If you are trying to learn to use P&F to develop your own system, then EZ-PnF gives you the options to try logarithmic or 2,4 or 5 box reversals. --- 4)Let's get serious here, Ben. Why did it take you an entire 400KB to write it ? Well, Bull, while you may say 400KB is too big... in practice, getting the Chartcraft algorithm, logarithmic scaling, fixed scaling, variable box reversals, a context-sensitive help system, a chart annotation mode, charts automatically displayed on CGA EGA or VGA displays and printed from graphics mode instead of text mode, interactive dialog boxes, user configurable options, direct read of the various binary database types, flexibility to read over 600+ layouts of ASCII data and almost instantaneous response times without runtime libraries or operating system dependencies... well, it's damn good. Show me the point and figure charting program that matches EZ-PnF features and can execute from a 3-1/2" diskette. I mean execute from.... you can format the diskette with the DOS operating system on it FORMAT A: /S copy ez-pnf.exe and ezpnf20U.hlp onto it and boot the computer from the diskette and EZ-PnF will run on it's own. --- 5)When your Internet connection is not up and working you won't be getting any of that "free" data from any of your internet providers (eg. AOL, prodigy, etc.), right ? Wrong! Bull, when my ISP internet connection is down.... I dial into Prodigy or Compuserve or AOL to get my data. They have their own lines and networks that are not internet dependent. --- 6)Write back when you have some objective data to present on this thread instead of your subjective, emotional opinion of a program you've written and are trying to sell. I don't think so. The thread title is Point and Figure Charting not 'Tom Dorsey's Point and Figure charting' or 'P&F Madness' Point and Figure Charting' or 'EZ-PnF Point and Figure Charting' or 'Only the things Bull4Now wants posted about Point and Figure Charting'. So I'll be posting whenever the context is appropriate and I can contribute. And I will mention my program, when I deem it appropriate to so, as a cost-effective tool that provides the best cost-effective solution to create P&F charts. And like I'm really going to get rich at $18 a registration... It is obvious that no amount of discussion is going to resolve this. So this is all the time I'm going to give to this discussion. Ben A. PS The thread may now resume........... :-) ---