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Thread: P&F Chart School

  1. #901

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    Default Re: P&F Chart School

    BOOM!

    P&F just flipped today with a triple bottom breakdown, and a bearish price objective of 1991.

    td1.jpg

    I think the downside is far from over .

    Be careful out there.

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  3. #902

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    Default Re: P&F Chart School

    What is REALLY fascinating for me- is the "I fund" chart.

    While it dropped quite a bit last week, it did NOT yet flip direction, although it DID hit a "triple bottom breakdown" on last thursday, and is set this morning to drop a full 2% or so at the open.

    If it does, there is going to be a bloodbath today, and I think it will soon (but not today) be a great buying opportunity.

    take a look at where we are, at the CLOSE last week- BEFORE the Greek vote:

    Triple-bottom-breakdown.jpg

    Once again- this is CLASSIC formation.

    Enjoy.

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  5. #903

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    Default Re: P&F Chart School

    I would like to note that the StockCharts.com - Simply the Web's Best Financial Charts page is NOT updating this morning.

    Not sure if it is something wrong- but it's not showing today's trading.

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  7. #904

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    Default Re: P&F Chart School

    Just a quick note-

    The EFA P&F chart (I fund) is showing that it anticipates a further 8% drop before it hits is price objective.


    The "S" fund equivalent P&F Chart (EMW) is now showing just over a 3% further drop before reaching the bearish price objective.


    Good luck to all.

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  9. #905

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    Default Re: P&F Chart School

    Another quick note-

    The NASDAQ's P&F chart flipped negative in the last hour- and is now showing about a 24% decline expected before we reach the bearish price objective.

    Personally, I think this one is a false reaction, and I think it means there is heck of a "FIRE SALE" today on stock prices- but then again, you never know, do you?

    Here is the NASDAQ P&F chart, just for entertainment purposes:


    Aug-24-2015.jpg

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  11. #906

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    Default Re: P&F Chart School

    Nasty looking, isn't it?

    SharpChartv05.png

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  13. #907

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    Default Re: P&F Chart School

    More incredible down side indicated on the P&F chart today.

    S&P 500 showing another 100 points down before the bearish price objective is going to be reached.

    Ouch.

    SharpChartv0502-08-20-16.png

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  15. #908

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    Default Re: P&F Chart School

    Amazingly, I use a .25% 4-box scale and the current price objective is 1748.64

    I'm not a fan of coincidence...

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  17. #909

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    Default Re: P&F Chart School

    Its been a while since I did anything with the P&F Charts-

    I noticed last week a High Pole warning on Monday that indicated a falling cycle- and I should have bailed out, but I didn't.
    If the P&F chart holds true-we have one more click downward before we get a reversal and a new climb. It's close the to the downside here, but we aren't
    quite down yet, IF you believe in these charts.

    Of course, I could be wrong.

    Have a great day. and Happy 4th of July this week !

    1-more-07-02-2018.jpg


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  19. #910

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    Default Re: P&F Chart School

    Thanks for bumping this thread James+zip. I always kind of liked the P&F for it's age and simplicity.

    PO

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  21. #911

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    Default Re: P&F Chart School

    See, there you have it. I WAS wrong.

    Strong upside the last two days says we're going higher again. Despite the "trade war", the P&F Chart is looking exceptionally strong.

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