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


To: Ms. X who wrote (19943)5/13/1999 9:11:00 PM
From: Ms. X  Read Replies (2) | Respond to of 34811
 
I've asked the webmistress to start the new thread.

Here is the first post I have entered to give y'all an idea of what in
the world I am talking about...

This is a thread that will track trade ideas based on Point and Figure
Charting (Piffing).

Trade ideas will be taken daily and one or two selected to be added to
the list. A running tab will be kept with price objectives, stop
points, entry and exit levels. We will decide when to post percentage
results, most likely monthly. I will buy in funny money, 100 shares of
each stock, to keep tab of percentages and dollar gain.

This is a good way to learn how to stick to a plan and manage trades
using Point and Figure Charting..

How to enter a stock.

Analyse a stock using Point and Figure Charting.
Offer to the thread the stock symbol, the stop loss point, and the price objective.
Fundamental information is always welcome.

Stock entries for the day should be in by 7pm Pacific time.
One or two stocks will be selected and the price

objectives and entry points for the next day listed.

Every night a current update of the trades will be listed with notes
as to whether they are still actionable or too extended at that time.
Also will be noted if the stocks were stopped out or if price
objectives were met.

Have fun everyone, this is not a contest but a group event!!

I look forward to this Karmic Piffing trade event!

Here is an example of what DWA does.
I will be mirroring their format idea but I will not be mirroring
their trade ideas, those will come from you all.

Date Entry Last Sell Posture/
Stock Symbol Bot Price Price Tgt/PO Stop Comments
Abbott Labs *ABT 04/05 47 9-16 49 15-16 68 46 Sold half
Alltel *AT 04/08 66 5-16 68 15-16 -- 62 Sold half
Nike NKE 04/22 61 3-16 63 -- 60 Sold half
Oracle *ORCL 04/26 27 5-16 23 39 21
Williams Cos. *WMB 04/28 48 48 3-8 60 44
Linear Tech *LLTC 04/30 56 1-16 57 69 53 Sold half
Outback Steak. *OSSI 05/03 35 13-16 36 3-8 46 32
Cybex Computer *CBXC 05/06 20 7-8 22 1-4 30 17