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

To: H.W.Melle who wrote (5101)	7/26/1998 8:37:00 AM
From: chartseer	Read Replies (2) \| Respond to of 34811

The answer to you first question is easy to answer so a trial member newbie like me will try to answer you. The numbers represent the months of the year 1= jan, 2 = feb and so on except the computers can't do double digits so oct = A and Nov = B and dec = C. Yes I would say that PnF is not geared for day trading and when you ride an up trend you can be invested long term. I have ridden some uptrends for years on end, waiting for a sell signal. I have also bought issues where a sell signal materialize just after my purchase. Personnally I like to look for major trend reversals like currently in the NOVL chart and am prepared to ride it out till I get a sell signal. However long it takes. Been in LUK since the 1960s. My favorite pattern is the big W pattern that many issue seem to make at the bottom. You really should invest some money in Thomas Dorsey's book " Point And Figure Charting" if you think point and figure charting is for you. In all my years of investing I believe that Pnf can not only not be beat but I personnally think there isn 't even a close second. Of course that's only one mans opinion and I could be wrong . There definitely can t be anything easier nor simpler. Give it a try and you wont be sorry.