uempel wrote:Sorry Heck, but these automatized P&F targets are always wrong. P&Fs are great for support/resistance, but these automatized targets never make sense. I've been following them since the initiation of stockcharts. Most important message from P&F at the moment is support 1472 and resistance 1560ish...
BullBear52x wrote:
great charts, Nice! same target in all TA aspects, well, the market will either go there or not at all. or went right through it as it always do.

PnF targets lag and are right the majority of the time for intermediate and longer trading.
Learned PnF from an old mentor who made a fortune in the 1960's market.
Rich old-timers use PnF.
PnF used since Aristotle's time to trade olive futures.
Nothing always wrong, or always right for that matter, except a closed mind...;
http://os24.org/files/a-z/investment/Th ... ing-EN.pdf
USD PnF Target 103 suggests a market pullback:
http://stockcharts.com/freecharts/gallery.html?s=%24USD
"Re: 11/15/2012 Live Update
by Heck » Fri Nov 16, 2012 1:17 pm
Thanksgiving rally?:"
http://richcash8tradeblog.blogspot.com/
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