Point & Figure Charting: The Complete Guide

Indecision and turbulence prevail in the financial market at this time. Meanwhile, attempts to identify major price swings in the stock market dominate investment strategies. Perhaps more than ever before, people seem unable or unwilling to venture into investment decisions. Growing numbers of individuals depend on others for acceptable investment returns. To accommodate increasing expectations for better investment performance, timing strategies in the equity markets must play a larger role.

This material represents a compendium of technical investment analysis for entrepreneurial investors. The book includes a unique blend of pragmatic investment management concepts and real-world mathematical emphases are excluded for the sake of pragmatism. Broad-based treatment of investment management principles in diverse settings functions as a surrogate to mathematical and theoretical overkill.

Although sequential reading represents the more conventional approach, by the continuity and flow of the book, readers will find that individual sections can still offer their autonomy and ability to stand-alone.

The book differs from competitors in several ways. The author draws upon many years of practical experience in asset evaluation, selection and allocation techniques. The emphasis centers on taking complex subject matters and reducing it into a workable presentation for readers. Concepts that have heretofore been regarded as esoteric by some will be made quite lucid by supporting illustrations. Chart configurations, relative strength, and other frequently misunderstood techniques help identify supply and demand imbalances and pinpoint issues primed for price moves in either direction.

This book offers a total perspective on personal portfolio management. The author will continually espouse the view that undervalued and overvalued assets offer uncommon profit opportunities. Its coverage is in sharp contrast to the more arcane academic view relating to market efficiency. Academicians subscribe to the idea that all markets are efficient and that returns may be increased only by the assumption of additional risk. Their view states that all known information about securities is embodied in the current market price. Securities adjust instantaneously to new information disseminated about different firms. In other words, academicians propose that undervalued and overvalued assets do not exist. Therefore, it is virtually impossible to earn superior returns or outperform the market.

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All Customer Reviews
Average Customer Review:
0 of 0 people found the following review helpful:

A book without an Index?, 2008-06-21
This book is practically unusable as a reference text due to the lack of an index. The Table of Contents does not do the job.


2 of 2 people found the following review helpful:

The material is dated, 2007-01-18
The material is dated. I got about 10% of worth from the material. Tom Dorsey's books are better. The original book was written in 1934. Not much has been done to edit the book for today's markets.


7 of 7 people found the following review helpful:

Not quite what I expected ..., 2005-03-29
I bought the hardcover version and it has no table of contents and no index.

Basically, it is very much theoretical in nature. It describes what PnF charting is, the types of patterns, trendlines, price objectives and other features.

There is no discussion as to how the Bullish %, High-Low, 10wk & 30wk-MA charts are created. There are no formulae given, stating that the Bullish % is proprietary to Investors Intelligence, StockCubes or Chartcraft. If one wants to know the formulae, they are freely available on Tom Dorsey's book and website.

It is quite comprehensive in its coverage. But it does not provide any practical applications to what it has written. This is a disappointment. Ultimately, it leaves the reader to experiment through trial and error, which can be costly.

I wish it follows the format of the book written by Stan Weinstein. In that book, it shows simply and clearly what the underlying theory is and how it is applied to the real world. Instead it has a format similar to that of Michael L. Burke's - The All New Guide to the Three-Point Reversal Method of Point & Figure Constructions and Formations. Not much difference in content either.


10 of 18 people found the following review helpful:

A must-have book about technical analysis, 2000-03-30
This book extends point and figure techniques for modern markets. The author methodology is consistent and logical, and the ideas particularly interesting. It is a successor to Wheelans classic. Lots of food for thought. Now all we need is a decent point and figure charting program so we can push the envelope even further.

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