STOCK GOODIES PLAYS OF THE WEEK

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P&F Vertical Count Column Completion

Once the Count Column is chosen, chartists must wait for this column to be completed to insure a fixed or unchanging count. The number of filled boxes in a column is not fixed until there is a 3-box reversal. Keep in mind that a column of X's is subject to change until a 3-box reversal forms with three O's in a new column. Once this column is reversed, the number of boxes is fixed and we can then set the count in motion. Similarly, a falling column of O's is not complete until there is a 3-box reversal with three X's in the next column. Chartist can, however, make preliminary Column Counts based on the initial breakout. Keep in mind that these Price Objectives are subject to change until the Count Column is fixed with a 3-box reversal.