Learning to read Price Action with P&F Charting

Quote from superIvan:

I don't wanna sound mean to you, I am sure you are a good dentist

but your trading methods I wouldn't want if they were free

oh wait they are free :p

seriously this sucks, I would look for something more REAL
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obviously, someone doesn't know what's going on here.

Good charts and commentary dentist.
 
Hey Doc, I'm familiar with the more old-school format of P&F charts (e.g. those from stockcharts.com). Your format from Update Technical Analyst has some annotations I haven't seen before.

What are the pink vertical lines under/over some of the columns? Projections perhaps? Also, what are the pairs of numbers along the bottom of the chart?
 
pink vertical lines are the vertical count targets.updata has an algorithm for calculating and displaying vertical column counts
it gives you an idea of the trend that might happen.,with a target
the 07,08,09 at the bottom of the chart are the years.gives you an idea of the timeframe of the chart
i am posting these charts so that evrybody on this thread can look at them.i find the updata ones easier to interpret than the stockcharts ones.
 
something that i have noticed is that the us indexes have not retraced..ie a downward column from the latest upthrust.i have got the same box setting for all.
the eauropean indexes/dax and ftse 100 have retraced and broken above the previous upthrust column.activating a vertical count,wheres the us indices have not done this
i am not sure what to make of this.that is why i posted the charts
anybody got any ideas.??
0.9% box size is medium term
 
two types of counts
1.horizontal..ie the width of a consolidation
2.vertical.the first move from a top or a bottom
its all explained on stockcharts and dorsey wright.
holygrail has put these on at the beginning of the thread
 
us dollar is strong against the canadian $

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