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

To: Iceberg who wrote (18285)	4/16/1999 9:47:00 PM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34817

Boys, boys...... if we can't play nice, I'm going to have to take your X's and O's away from you until you can play nice together. Another view: A p&f chart is 'time neutral', it doesn't care when an event occurs. The only hard, fast rule is that each column, at the minimum, has to occur on a separate day. A bare, X's and O's only, p&f chart gives no indication of actual time duration, only the sequence of supply and demand patterns. The buy/sell/hold decisions, however, will be the same with a 'date commented' notation as they would be with a bare, X's and O's only, notation. For example, given a p&f chart with some number of columns of varying height, let's say 15 columns. The columns only show X's and O's in them. Then the only thing that you can say about it is that it is at least 14 days old from the day the first column was plotted. It can show any of the classic p&f patterns on it. Is a triple top that forms in 5 days any more significant that one that forms in five months? Do we care if the first two tops formed in 3 days, or 3 months, apart and then the third top formed two days or six months later... AND the time to buy or sell is when the signal, or pull back, is given. And that is indicated on the chart, when the event occurs. Ben A.

To: Iceberg who wrote (18285)	4/17/1999 9:39:00 AM
From: chartseer	Read Replies (1) \| Respond to of 34817

PnF is not an absolute. Each and every chart is a story into it's self. Each and every stock has a chart pattern behavior that should be deciphered differently. First off as I have posted before not every single issue conforms to PnF pattern behavior. It once took me years to decipher EGG's chart behavior. It constantly gave me false buy and sell signals. This was back in the days when Atomic energy and uranium mining were the hot issues. Not all issues perform as point and figure patterns would suggest they should. I do not want to get into a discussion about time. Time is relative ask Albert. All I want to say is that because months are posted on charts as numbers I have been able to find several issues which shall remain nameless that seem to always go up from one month of the year to another month of the year irregardless of whether they are in a downtrend or an uptrend. I would not have been able to discover this seasonal behavior if the months were not posted. EOM then again what the heck do I know? chartseer