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  1. M

    Learning to read Price Action with P&F Charting

    Nice job, Dentist - Way to keep this thread alive. MS
  2. M

    Learning to read Price Action with P&F Charting

    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...
  3. M

    Learning to read Price Action with P&F Charting

    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...
  4. M

    Learning to read Price Action with P&F Charting

    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.
  5. M

    Learning to read Price Action with P&F Charting

    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).
  6. M

    Learning to read Price Action with P&F Charting

    From early April, 08 NYSE and SPX bullish percent indexes in bull alert status... at mid levels. Effectively short 2 beta (long SDS) is backwards.
  7. M

    Learning to read Price Action with P&F Charting

    From 3/14/08 Yes - someone was trolling. Is this where it begins to get ugly?!?
  8. M

    Learning to read Price Action with P&F Charting

    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...
  9. M

    Learning to read Price Action with P&F Charting

    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...
  10. M

    Learning to read Price Action with P&F Charting

    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.)
  11. M

    Learning to read Price Action with P&F Charting

    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...
  12. M

    Learning to read Price Action with P&F Charting

    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...
  13. M

    Learning to read Price Action with P&F Charting

    The default format provided by Stockcharts is traditional. (IMO what should be used, also, until you have a solid understanding).
  14. M

    Learning to read Price Action with P&F Charting

    From 10/12/08 Long tail of O's down. Dead cat bounce play for a 38 - 50% retracement.
  15. M

    Learning to read Price Action with P&F Charting

    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...
  16. M

    Learning to read Price Action with P&F Charting

    page 202 (finally - only 50+ more to go...) Just to clarify - PnF is not a trend following methodology. (A 50 x 200dma crossover strategy IS...) If anything, the very nature of the bullish percent index concept tilts it toward the predictive side. It IS, at the least, adaptive. The BPI...
  17. M

    Learning to read Price Action with P&F Charting

    9/16/08... It's likely that news was late and the purchases were already completed... Hang on, folks.
  18. M

    Learning to read Price Action with P&F Charting

    p 175 The NYSE BPI reversed up in early July. Market, sector, stock...!
  19. M

    Learning to read Price Action with P&F Charting

    p 171... 6/25/08 I'm hoping to learn that you didn't go live... ...
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