Replies to post #91531 on SPDR S&P 500 (SPY)

[knickel]

I'm not sure any indicator since Charles Dow began plotting price in discrete boxes has ever replaced the value of price itself, as the best indicator of all.

P&F works (best on a weekly), and the renko charts (best on a weekly) simplify Dow's concept, but use a better method.

It may be fun to guess and forecast what is going to happen...but try writing your predictions down...then review the results of your prediction. If you are 60% or better over a 3 month period,in correctly predicting market moves...you are well above average. Regards and Best Wishes.