P&F Chart School

[FAB1]

Looks like we could lose 5% of it today.

 

[James48843]

Looks like we're just about to the P&F Chart's prediction- 1140 is not that far away now.

Not much better at prediction than this, eh?



Remember- the P&F chart is usually correct on the "target price objective" numbers. That does NOT mean that if and when we reach 1140, that we will immedately reverse direction. It COULD continue down a ways after there.
But it IS expected that we'll reach 1140. Good luck!​

 

[James48843]

Just crossed the 1140 price objective on the way down.

1,139.96 before it bounced.

 

[pmcint01]

Is that supposed to be the "bottom" according to this chart analysis?

 

[RealMoneyIssues]

Is that supposed to be the "bottom" according to this chart analysis?

Not any more...

 

[Bquat]

You may have called it. I hope this isn't just a pause.

 

[James48843]

Ok, NOW we have an official signal out of the P&F chart today.

The jump today resulted in a "BULLISH TRIANGLE BREAKOUT, (Somnetimes called a bullish flag breakout)
with a new, positive price objective (PO) of 1360 expected showing on the upside.

I was traveling this morning, so I didn't see the breakout in time to make the swtich in allocation by today's noon deadline, BUT I am doing so now.

P&F Chart C moves to a 100% "C" fund allocation, as of the COB toimorrow.

Here is the chart.



Good luck.

 

[Viva_La_Migra]

High pole warning issued last Friday. Keep your powder dry! :worried:

 

[jpcavin]

High pole warning issued last Friday. Keep your powder dry! :worried:

View attachment 15251

Can someone explain this chart?

 

[RealMoneyIssues]

First a rise in the market to 1360 and now a drop warning a week later...

Wow, so which is it?

 

[James48843]

First a rise in the market to 1360 and now a drop warning a week later...

Wow, so which is it?

the drop was not at all unexpected. It simply fills in the gap in the triangle. 1140 held in the downsweep. The bullish triangle remains in it's shape.

The new (as of last week new) expected price objective in now showing as 1420.

So I expect it to go positive, and run to at least 1420, before the steam runs out.


JP- sorry, but it's too complicated to quickly explain the P&F chart in one small note. If you are interested, go back to the first post in this thread, and read forward, and you'll learn about P&F charts. There are a lot of things to figure out with them.

 

[JTH]

When dealing with P&F charts, Price Objectives (POs) are somewhat misleading, I pay them no mind. What is important (and very accurate) are the Support & Resistance levels as outlined by the bottom Os and Top Xs.

 

[James48843]

I will be watching the P&F chart this morning. Pre-market indications are that it's going to tank this morning, as a result of the European nevousness. If that happens, it could easily bleed over into the P&F chart this morning too. Right now we're at the low end of the range for the current price objective set-up. If the market goes substantially south this morning, it could indicate a change in the price objective from a positive to a negative. I'll be watching.

 

[Warrenlm]

FTSE100 is down over 2% today at 2pm by Yahoo. Is that factored in?

 

[jpcavin]

JP- sorry, but it's too complicated to quickly explain the P&F chart in one small note. If you are interested, go back to the first post in this thread, and read forward, and you'll learn about P&F charts. There are a lot of things to figure out with them.

No biggie. I understand completely. I googled it and thought it was too complicated to look into at this time.

 

[James48843]

Yuck.
Double bottom breakdown today.
New bearish price objective of 1110.

And I'm stuck fully invested right now.

It sucks to be me.

 

[Gumby]

Yuck.
Double bottom breakdown today.
New bearish price objective of 1110.

And I'm stuck fully invested right now.

It sucks to be me.

View attachment 15415

I feel your pain. I am afraid the 1110 maybe optimistic.....10% lower might be a possibility. I may bail tomorrow if the market is up.

 

[polarbear]

Don't feel bad, buddy. I got bumsteered by that circus in DC and got in on Jul29 and have only been able to partly recupe since. Grrr!!!
They don't ring a bell at bottoms and tops, so . . . we all have to weigh our targets against risk. Very volatile unpredicable mkt, etc., etc.
in fact, this is not a first time for me, so I can really kick myself again and again, thinking back. But we all have a full plate, you know, with what's going on right now, plus daily life.

 

[Viva_La_Migra]

Low pole reversal yesterday. Bearish price objective 1010.



Watch your assets!

 

[Viva_La_Migra]

Another low pole reversal today.



No change in price objective.