Zeev's Turnips Patch-No Politics (ZEEV)

[S Chun-Li]

OJ, have you or someone else analysed how many of a sample of bullish PnF charts lead to a tradeable gain?

I have a vague understanding of what a PnF chart is but haven't used them. It seems that a buy signal (and I know the breakout signal you are discussing is more than a standard PnF buy) is likely to fail due to the reliability of high BP's to lead to lower prices.

If a BP of 90 tends to mark a top for instance, then that means that 90 PnF charts are "wrong" doesn't it? Or is it that the buy signals are old and have already yielded profits? This is just top of the head thinking, hence my question as to any statistical evidence of the usefulness of PnF signals.