One of the members asked to explain a little more about P&F charts. I have commented about using P&F charts in my acocunt thread, and some people were asking me questions about my comments- so I figured I'd start a new thread to become P&F Chart School.
P&F stands for Point and Figure, and if you have ever used one of these types of charts, you'll know it is a little different that the conventional ones you'll see on most sites.
Here is an example of a Point and Figure chart- this one of the S&P 500:
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