Atwood Oceanics, Inc. (ATW)

[eastunder]

Me too. LOL ;) (jk)

Here's a fun article - I think you can catch part two off of it as well?

http://tycoonreport.tycoonresearch.com/articles/432843641/a-primer-on-point-and-figure-charting

I had a friend who charted his own P&F's. Which is NUTS, IMHO! But I did appreciate the hard work and time involved. He tried to turn me to the dark side but then I discovered I could just snag them off of stockcharts and gave up my graph paper for the lazy route.

In all honesty, because I do like my own charts and I look for specific things anyway - more longterm thoughts - I like the P&F's because they entertain me. I like seeing a new pattern emerge. I like seeing a new bullish price appear and although I don't as much believe the actual target will be met - (many of mine have though) I do believe it tells us we are going in the right direction...which is what thrills me.

I write those numbers in the posts not to pump the stock or bash the stock but to record it. Because the charts update themselves and the current targets or patterns change, without having it in print I wouldn't be aware of the change when I go back to look at it.

Kinda silly, aye?

Jen