From 1/7/10
I agree with this post. The link displays the flowchart for proper chart construction.
http://www.gummy-stuff.org/PandF-charts.htm
Post looks kind of neural, though... ...
I noticed Motorman from Trade2Win's forum stepping in the mix...
14 hours - 260 pages...
From 1/3/09
I used to watch brokers grab the breakout page of DWA's (then faxed) daily commentary, pick a name because it had a "triple top breakout", get on the phone with their clients and say "XYZ had a triple top breakout! I think we should add a hundred to your account!!". (They didn't...
From July '09
Yes - expressed properly for the Bullish Percent index, 69.3%+ stocks are bullish (controlled by demand/on PnF "buy signals"). Getting overbought, but still in X's and controlled by demand.
From 4/24/08
Another inverse fund (short) into a bullishly configured market?
Gave 4 or 5 bearish signals by the time this order was entered... didn't give a buy signal until July and that was a false signal (first in the strong trend).
from 3/07/08
WOW... this thread became a wasteland during the climax, didn't it.
It was at this time the NYSE BPI was at... ... 14%. the reversal up to 20% created a THIRD consecutive higher bottom and also another divergence from price.
Tell me the market can't scare the bejesus out of...
From 2/8/08
Your posts are very clear, CWU, but there are only 3 un-needed blue BLSL's - the uppermost left one is actually a correct BLSL because there was a violation of the BRRL at 81.
The final red BRRL off the top at 58 and down was un-needed since there was no penetration of the...
From 2/8/08
It's simpler than this. But your chart has to be correct first, as well. Start with default scaling.
And - learn the construction of a PnF chart well... it takes 5 minutes.
(That info is buried someplace back in this thread.)
From early January, '09
Trendlines can only be changed when they are violated (penetrated, through) by a stock's price. Only then will you go to the other end - top or bottom - and draw a new line in the opposite direction (up or down) from a previous bottom or top.
Click on any default...
from 12/10 or so...
To all in general,
The NYSE BP reversed up several weeks before this post... in X's from below 30%... Bull Alert status...
I know it's hindsight, and it didn't last, but this was the time to step in front of demand/go long (actually, right after Thanksgiving).
It...
9/29/08
Flyinglead, you don't know how true your words are...
You have not been trusting your primary flight instruments. Or learned them, for that matter.
Try viewing the BPI in this format:
(forget all the other indicators and MA's, etc.that appear on it - just look at the line...