|
PureBytes Links
Trading Reference Links
|
In the sense that you are buying breakouts fron double tops and selling breakout
from double bottoms, it is the same. However, in P&F time plays no role. A colum
of Xs (up market) could last 3 days or 3 months.
45 degree angles are drawn for support and resistance.
GREHERT@xxxxxxx wrote:
> Isn't P&F similar to buying a breakout of the highest high and staying in it
> until you get a break out of the lowest low. I know you chart the X's & O's
> and time is ignored, etc., etc. but how is point & figure different (in it's
> trades) from buying , say the high ot the last 20 days and then selling the
> low of the last 20 days - kinda like the Donchian system of the early '80's.
> Do you draw those 45 deg. lines for support?
>
> Best regards,
>
> Jerry Rehert
> August 29th, @ 05:19 pm
> Check My WebPage-UPDATED 8/26/98:
> http://members.aol.com/grehert/
|