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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Skipperr who wrote (470)	12/5/1998 4:24:00 AM
From: genaro	Read Replies (2) \| Respond to of 99985

Works for me. What a great thread! Point and Figure works great in a market of stocks. That is why the screening function is important. In a stock market, the NYSE Bullish Percent is always accurate. But not as a day trading tool due to its lag. A true P&Fer would use stops and price objective (PO) to enter and exit a position. By not being greedy you should be able to enter and exit a trade with out the need of a leading indicator. Here is an example from todays posts regarding Basic P&F rules: Message 6687151 Takes discipline however. As I have only been studying P&F for about six months I still have difficulty establishing the PO ' by the book'. And exercising the discipline to enter and exit requires patience. As a self taught investor who studied for 3 years before jumping in, Point and Figure has proven to me it is invaluable. My best results have come about as the result of 'position trading' based on P&F. Day trading requires different TA. I should qualify my comments on it not being a leading indicator. The P&F thread was calling for a reversal in May, two months before the top at the end of July, as a result of the change in the NYSEBullish% and went on the defensive. Likewise, as a result of a reversal of the NYSEBullish%, went back on the offensive in September, well before the recovery. A person who had the skill and discipline would have done very well. Right now the NYSEBullish% is in Bull Confirmed mode. That is good enough for me. But don't take my word for it. The P&F thread was previously one of the the most Voluminous thread on SI. I Think it has now been surpassed by MDA. Doug