dow. end of day data box size 40 points. 3 box reversal.hilo data plot.ie the chart prints a new box if the high or the low is 40 points away.it will take 120 points,approx 2% to change column. notice how the downtrend line keeps inthe price action.this is a 45 degree downtrendline.the chart does not become bullish until 11800 area is broken.this is in p/f terms.last p/f signal was double-bottom breakout at 11520 area.included are some vertical counts.this give you an idea of price targets that could be achieved
note how the targets are only created off completed columns, updata guys are really on top of their game
not sure what this question is supposed to mean? that's all I use in day trading is P&F (though I do glance at a couple different styles of charts for other things) and 90% of all my trading is day trading P&F can work perfectly fine for day trading though if that is what you are asking
If you are looking for something a bit cheaper you can check out IRT updataTA is the best P&F software out there at the moment but they are not based in the US either... IRT has implemented a lot of great P&F features at request and they are continually updating IRT is the best MP software (which I suppose isn't relevant in this thread) and does the second best job at P&F...I should give the ole IMO of course
stockcharts.com is perfectly fine...just realize what data it is using (they use daily data I believe) if you are looking for the most accurate (detailed) P&F charts you will want to use use raw tick data, however, that does not make daily data any less reliable or effective when it comes to P&F
this is just Bullstick!!!! this isn't the first time either. As of now, all my longs except 2 are down substantually for the day and ALL my short stocks are up for the day. (about 15 of each). No wonder most traders are bald I've got to do a lot better job of analysing the stocks than just good breakout patterns.