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: Gottfried who wrote (8955)	10/23/1998 9:17:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34809

Hi G, Yes, that would be much better. If a stock rallies right to the brl, I always wonder if it will break or bounce off and keep heading south. Also, at this point with AMAT you have no good stop point. I'd like to see it break the brl, reverse down and then reverse up again. At that reversal, you could take the position and then you would have a close stop. :-) Jan I am

To: Gottfried who wrote (8955)	10/24/1998 9:33:00 AM
From: Iceberg	Read Replies (2) \| Respond to of 34809

>Jan, AMAT is on a buy signal and needs one more X to break through the bearish resistance line. Jan and Gottfried, AMAT on a buy signal? My chart shows it on a sell signal. In trying to figure out why, it seems that if a traditional 3-box reversal is used with HI-LO data then AMAT is on a BUY signal. However, if a traditional 3-box reversal is used with CLOSING data [as was the case with my chart], then AMAT is on a SELL signal. There's obviously a difference in a buy signal and a sell signal. Apparently you all were looking at a PnF chart based upon HI-LO data. My question is this...how would your projections or strategy differ upon approaching the BRL if CLOSING price data had been used instead of HI-LO price data, and which type of data do you consider best to use for general-purpose PnF charting? Or does it depend upon what you want the chart to show - a buy or a sell signal? <g> Ice