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bowonwing

12/11/09 8:27 PM

#122 RE: vinnybotz #121

P&F charts filter out much of the "noise" in other types of charts. IMO they have huge value in "identifying the big picture."

Based upon PCS's P&F chart, we have a low pole to $6, from $10. Technically, a move over the 1/2 point of the low pole would be signal a reversal and could indicate a bullish move. 10-6=4, 4/2= 2.

So in PCS's case, a close >$8, staying over $8 could be bullish. Also this is over the old 52 week low of $7.53.