To: Bwe who wrote (3639 ) 6/13/1998 10:24:00 AM From: Ben Antanaitis Read Replies (2) | Respond to of 34811
Eric, Bruce, Jan, What you all are attempting to do is 1)promote the education and use of the point and figure technique, 2)assist yourselves and others in making some money through intelligent investing, and 3)have a little fun on the way getting there. These are laudable goals and your all are encouraged to continue in your efforts. It appears to me that we have several unique type of posters/lurkers on this thread. Each has their own need for reading/participating here. At the bottom of the food chain, you have those folk who only want to find out what the latest 'stock tip' or 'instant analysis' is from those geeky point and figure (what ever that is?) fanatics. They blast in, ask 'what do you know about xyz stock?', look for an answer, and disappear until they read about another wonder stock somewhere else. They probably aren't, and probably never will be interested in p&f. P&F takes some time and discipline to learn and use, and they are looking for a quick fix stock analysis/tip. They have their place, they do provide some interesting stocks to take a look at, but don't feel bad if they don't respond to your postings/contests, etc. Then we have those folk who just discovered, and are open to learn, p&f. But they are totally new to it and are very insecure in their own mastery of the technique. This makes them reticent to append their questions, not to mention their own ideas and conclusions/analysis. They are the 'next-generation' of P&Fers and need to be encouraged and mentored until they have self-confidence in their skill level. Jan's quizzes are a good way for them to anonymously sit back and say 'hey, I got that one right, I'm not as dumb as I thought..' Bruce/Eric, these folk need technical discussions to take them beyond the two or three chapters in the standard p&f books that tells them how to mechanically construct the charts. Sort of like an undergraduate level seminar course in p&f. Some of your recent postings have definitely been at the post-graduate school level and, perhaps, that's why comment has not been forthcoming. We also have the graduate school level P&Fers out there, (Preston comes to mind). They have solid grounding in the theory of p&f and they aren't shy about posting their analysis, but they also read every word from the thread professors. But some may not be secure enough in their knowledge to get into a debate/discussion. You may or may not get replies from them, but they are out there reading and learning from every word you write, working on their own PhDs. Then we have the doctors of p&f-ology. You all know who they are. They post, everyone reads, some learn. We have seen discussion and debate between them, but at times it's like trying to listen to a Quantum physics debate between Einstein and Feinman. Did you ever see a freshman interject into one of those? So, I guess what I'm trying to say is that in the diversity of this thread, your postings are most welcome at the level they are at, but don't expect a lot of debate. However, there is probably room for more undergraduate and graduate level instructional postings to increase the overall P&F-Q of the thread. This can come from general postings of 'theory' of p&f eg support and resistance line placement, advanced pattern recognition, etc. and from specific postings of the complete analysis of a given stock ie showing the complete thought process that goes into a PhD p&f analysis. Bruce: The Chartcraft reports are very interesting and very welcome. What type of responses were you looking for? You have our thanks for posting them. Well, you've all probably fallen asleep with the length of this... Ben A.