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

To: d. alexander who wrote (17460)	4/11/1999 6:25:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 34806

You bring up a good point. P&F is different. Actually, this is why I didn't investigate it 20 years ago; somebody told me that it "discounted the time factor" and I didn't like that. (That's not exactly right, BTW.) Just goes to show that you can't always believe a third party, it's usually better to go to the source. The other problem I had was I saw a P&F chart and couldn't understand it. So I backed off, just because of that. 20 years later, and I am still learning "conventional TA" every day. It's a never-ending process. So, don't discount P&F until you finish studying the other stuff, because believe me, you'll never finish. There is always something to learn. If you are short term or day trading, you should go with whatever is working for you. But I strongly urge you to get the P&F book and read it. I think you will find it extremely useful as an additional tool. Finally, take a look at the one-minute and the five-minute on the same stock. There might be some usefulness there for you, trend-wise. And I ain't telling my trick, so forget it. <gg>