{"id":495646,"date":"2021-05-03T09:48:24","date_gmt":"2021-05-03T13:48:24","guid":{"rendered":"https:\/\/goldtadise.com\/?p=495646"},"modified":"2021-05-03T09:48:24","modified_gmt":"2021-05-03T13:48:24","slug":"why-i-dont-use-pf-charting","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=495646","title":{"rendered":"Why I Don’t Use P&F Charting"},"content":{"rendered":"

Having studied various charting techniques over 50+ years, I don’t use\u00a0 P&F because it is reactive(after the fact) and I am anticipatory. While I like to look at numerous disciplines for perspective, I have found P&F to be good at telling you what just happened but doesn’t help me, because it only confirms upside reversals and or breakouts, after the fact. (If I am watching a baseball game, I don’t need the announcer to tell me that someone just hit one out when I saw the ball go over the wall.) Case in point, is a stock I am going to recommend here on a drop to the 60-61 area. Regular charts show what looks to be a bottom. I accept, that with the 6 month lockup period approaching, there could be downside pressure but it looks like that selling has already taken place. My point about P&F, and I don’t know what practioners would have said at the top, or on the way down, they called out a breakdown based on Wednesday’s action.(good short term call) Granted, it probably will drop another 3-5%, but that is where I am looking to get long.(and P&F won’t switch to positive until after a big upside reversal). This appears fundamentally to be overvalued, and it may take years before it exceeds it’s high, shortly after going public, but I believe it will be a huge, long term winner if bought in the lower 60’s. Even short term traders could see a bounce to fill the gap near 120.\u00a0 I like AI at 60-61.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Having studied various charting techniques over 50+ years, I don’t use\u00a0 P&F because it is reactive(after the fact) and I am anticipatory. While I like to look at numerous disciplines for perspective, I have found P&F to be good at … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2927,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-495646","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/495646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2927"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=495646"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/495646\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=495646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=495646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=495646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}