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You had been doing wonderfully until the BP's weakened... heed them! As a suggestion, tighten your entry, double your position going in and flip the first one when your R/R is cut in half. Get more conservative with your target. Be very diligent with the remainder. MS... I can't believe...

Tighter on your entry - closer to your stop. Patience and discipline... if you don't get the fill, you save your capital.

p 163 It may be best to stay with a two percent default as a primary guide and use a narrower universe like the SPX for something more responsive. Also of note is the number components of traditional BPI's NYSE - 2700+ (primary LT trend - listed names) Optionable BP - 3000+ (intermediate...

Props to you, Wizard. Now you are getting it. In the late 60's, a study at the Univ. of Chicago/Booth School found that investors spent 80% of their time evaluating companies fundamentals and 20% of their time evaluating the market, sector and stock action. They had dismal results, on the...

page 155... Depends on the market posture, once again - but taking that into consideration... with uncanny reliability.

Ahh, I see where your going with this. Until it is complete, it is a subjective call. It does need to be complete in order to properly set up R's for a trade entry.

From page 154... When it reverses, it will be a complete count. Until then, it is an incomplete count - still worth heeding. It won't be reduced. It's fair to call it an "at least" price objective... market posture withstanding.

From page 150... Stockchart's NYSE BPI includes 1700 names. Chartcraft and DWA's NYSE database includes more than 2700, I believe (ex closed end funds). A bigger universe is slower to respond. MS

From page 146... Staffpro, It'd be much easier to keep the three box reversal and simply adjust the box values to get the pattern sensitivity you seek. I'm not afraid to throw a .125 box value at a $4 closed end fund. On the other hand, you have to throw 10 or more at GOOG to get it to...

Hello - There are no time frames, only box values and box reversal requirements. Also - this does not lend itself easily to intraday charting unless you can segment it into sessions and immediately chart any changes. Many vendors cannot translate the data correctly. There seems to be some...

From page 143... The post following this one - by HG - segues right into what needs to be considered. Even as this is after the fact (8 months), the primary market and sector indicators were/are getting toppy. I suspect you may be generally right with the positions, but it is the market...

Scratch the above. I replied to the Tiffany chart with it's Bl. Cat pattern rather than Emerson. Otherwise the same rules apply with a similar outcome. MS

Next page (??)... Another good question - time indirectly has an effect because the posture of the market is changing. Remember, market risk, sector risk, stock risk. The NYSE BPI was approaching 70% in May/June (getting overbought). Don't know what the sector risk was - probably...

Page 126... You raise a good point here. Mike Burke (at I.I.) does read buy and sell signals into the patterns of the Bullish Percents. However, getting to the "nuances" someone pointed out on an earlier page - the primary utility of BPI's lie in their range, the levels of their...

From page 126... All, Traditionally, the PnF relative strength charts are plotted as a normal price chart and bullish or bearish (buy or sell) signals will emerge to depict strength versus the designated benchmark. Before the advent of Al Gore's interwebz and the abundance of sector...

No. The account net worth is irrelevant. You would like enough so that you can have several positions, and so you can size them for risk but there is no difference between a $1000 position and a $10000 one when you simply do the math backward and set up your R/R for no more than your allowable...

This post is from 05/2008... Abe Cohen devised the BPI from PnF charts in the mid 50's. Investors Intelligence has it for subscribers, but it's available here (back ten years): http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show,iday&disp=SXA (Bottom of page)...

1) Good call - there is no reason not to know about events such as this when holding a name for any duration longer than a swing trade, and even then you can use options. (EMC, June 1998 is my nemesis, 24000 shares for clients... 62 one afternoon, 38 the next morning pre-market in Europe) 2)...

PnF lends itself very well to swing, position and trend trading.