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V. 22:5 (91-92): Product Review: XOCharts by David Penn
V. 22:5 (91-92): Product Review: XOCharts by David Penn
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Product Review: XOCharts by David Penn
Are you still daytrading, enduring the grief that friends and colleagues give you for pursuing such a reckless pastime? Maybe youre a proponent of some of the classic technical techniques of the first half of the 20th century, and think theres no worse abuse than that suffered by outmoded Dow theorists, or Gann aficionados, or Elliott wavers. Perhaps youve stopped telling people you are a long-only trader because youre sick of hearing What!? You call yourself a trader and you never go short?!
If so, stop yer whining, because the Rodney Dangerfield No Respect award for technical analysis, in my opinion, goes to none other than those stalwart technicians plotting little Xs and Os in point & figure charts. In a world of real-time, streaming intraday data, three-dimensional price charts, and more technical indicators and oscillators than any sane trader could ever hope to learn (let alone use effectively), point & figure chartists at times appear to be to technical analysis what the twohanded set shot is to professional basketball: It aint fancy, but it sure is effective.
Are you still daytrading, enduring the grief that friends and colleagues give you for pursuing such a reckless pastime? Maybe youre a proponent of some of the classic technical techniques of the first half of the 20th century, and think theres no worse abuse than that suffered by outmoded Dow theorists, or Gann aficionados, or Elliott wavers. Perhaps youve stopped telling people you are a long-only trader because youre sick of hearing What!? You call yourself a trader and you never go short?!
If so, stop yer whining, because the Rodney Dangerfield No Respect award for technical analysis, in my opinion, goes to none other than those stalwart technicians plotting little Xs and Os in point & figure charts. In a world of real-time, streaming intraday data, three-dimensional price charts, and more technical indicators and oscillators than any sane trader could ever hope to learn (let alone use effectively), point & figure chartists at times appear to be to technical analysis what the twohanded set shot is to professional basketball: It aint fancy, but it sure is effective.
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