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

To: wiley murray who wrote (2139)	4/1/1998 2:42:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 34811

Hi Wiley it's for real slow dummies like me<g>....kidding of course, ahem!!! Ah i think Jan will be better able to answer that Q for you...

To: wiley murray who wrote (2139)	4/1/1998 3:39:00 PM
From: Al Serrao	Read Replies (1) \| Respond to of 34811

wiley, it works. I recommend you read Tom's book. P&F gives you a accurate read of the supply and demand for the shares. It does not tell you about the fundamentals. So, as always do your homework.

To: wiley murray who wrote (2139)	4/1/1998 4:45:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 34811

Wiley, IMO the best PNF TA attribute is the consistent and accurate sell signals. By consistent I mean that before a stock gets pounded, it usually gives a few PNF sell signals. You might see relative strength weaken followed by a column of O's exceeding a previous column of O's prior to a big drop. By comparison, IMO Signals from candlestick charts are accurate when they flash. However, they don't consistently flash. This is ok on the buy side because you may be following several stocks and buy the one that gives a candlestick buy signal. However, you may or may not ever get a candlestick sell signal before the damage is done. Regards, Duke