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

To: Al Serrao who wrote (15701)	3/15/1999 12:31:00 PM
From: Tulvio Durand	Respond to of 34811

Al, I appreciate the advice. As you know, am fairly new to PnF and am on learning mode. But I got to say that PnF gives some false signals too. I sold RIG when it broke DB recently, only to watch it turn around for a nice gain. Several others went the wrong way for me. But I see PnF as an important tool, nevertheless, especially when in the hands of experts like Jan et al on this thread. But it is hardly the 'sine quo non', IMO. The "coming correction" has me spooked to the point of eliminating margin and keeping the powder dry. I was hoping for the long promised nip to happen sooner than this, as I hate to have unspent cash while watching the markets advance. Today's advancers lead decliners with 2:1 up-to-downside volume AND there are more new highs than lows. As small stocks seem forever doomed, maybe we should readjust our sights to lower BP numbers (40 to 60%) as the norm, and call today's 40% the lower boundary of the bullish range? How about settling for a two-box BP reversal? I saw that even Tommy made an exception the other day when a stock (or index, I don't remember which) came to within .003 (or something) of a three-box reversal and pronounced it good enough, thus acknowledging the ART. Tulvio