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

To: Paul V. who wrote (3907)	6/18/1998 11:21:00 PM
From: Ms. X	Respond to of 34818

Hi Paul, You share a common thought and almost fear of most investors that they may "miss the boat" in waiting. There is no indicator or TA methodology that will interpret the "bottom" of a particular stock. Not that I know of. Point and Figure gets you pretty close. The point is not to loose money. Rather loose opportunity than money because another opportunity is right around the corner. How would you know that you had arrived at the bottom if you don't have a bounce off of it? Are you willing to risk being wrong at guessing where that bottom may be? What if you thought the bottom was at 35 and entered the position only to find out that the bottom turned out to be 12? The objective of Point and Figure is to alert you as to when demand is coming in and taking positions when things are more in your favor than not. What you are looking for is a crystal ball. Tom just wrote recently that he too is tempted to guess but finds sticking to the indicators in the long haul, proves to be the more profitable route. I myself have tried to guess only to kick myself miserably the next day. Not once have I done well second guessing the indicators, not once. Point and Figure will not get you in the bottom but it will tell you when it is OK to go. You will miss the bottom for sure but when you make your decision you will know it is solid. Don't try and guess how fast the train is coming down the tracks and if you can beat it. Wait for the red blinky lights to tell you when it is safe to cross. Best to you Paul ;-) Jan I am