No I don't really use Point and Figure much at all now, although I used to still use it for potential price targets until recently.
The official Wyckoff trading course still heavily uses PnF (it probably needs some serious updating i reckon).
David Weis (Wyckoff historian and expert), says his wave charts are probably the modern equivalent of PnF.
I believe him, and have made a variation on excel.
There is an interesting presentation of his on youtube, from Big Mike's trading forum, which is posted on page one of this thread, which explains his wave charts and how they developed, and how they can be used, in reasonable detail.
I goes for 1.5 hrs in total, but the actual presentation goes for about the first 20 mins or so, after that is an interview and some Q & A stuff.
well worth watching.......
cheers
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No I don't really use Point and Figure much at all now, although...
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