Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ms. X who wrote (4385)	7/3/1998 4:05:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 34811

P&F: Do you do point and figure on the McClellan Summation Index... Here's the chart... It is definitely implying that the market is coming off a bottom... pw1.netcom.com Jim

To: Ms. X who wrote (4385)	7/3/1998 4:24:00 PM
From: james ball	Respond to of 34811

Jan I remember taking a Standard & Poors book with me on vacation in the late 70's and looking for anything that smacked of Oil. Gold the same in early 80's, also Solar. They all go out with a wimper. Tom

To: Ms. X who wrote (4385)	7/4/1998 9:53:00 AM
From: Backfill	Read Replies (2) \| Respond to of 34811

Hello, I am brand new to P&F charting. I didn't even know I had it on my TA software. Can you give me the readers digest version of how it works. I will pick up a book about this subject ASAP. A couple of questions: 1, When I plot a graph for Lu using P&F, the graph tells me Lu closed @ 84.5 on July 2nd? Of course a graph plotted without P&F comes up on my system closing at 82.5 2, My system by default comes up with a setting of (0.5x3) what does this mean? Are these setting optimum? 3, I notice from a graph of Lu, using the above settings, that each green bar of X's are separated by a red bar of O's. What is the meaning of this? TIA Jeff...