Prized for its accurate forecasting of price and market movements long before the advent of technical analysis, point and figure charting is now being rediscovered by traders. This practical primer first reviews the fundamentals of point and figure charting. From there it supplies traders, portfolio managers and individual investors with actual trading techniques for charting price movements in stocks, options and commodities, and using point and figure techniques in mutual fund selection.
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Prized for its accurate forecasting of price and market movements long before the advent of technical analysis, point and figure charting is now being rediscovered by traders. This practical primer first reviews the fundamentals of point and figure charting. From there it supplies traders, portfolio managers and individual investors with actual trading techniques for charting price movements in stocks, options and commodities, and using point and figure techniques in mutual fund selection.
THOMAS J. DORSEY is President of Dorsey, Wright & Associates, a registered investment advisory firm that uses point and figure charting as its main source of technical analysis. Formerly a senior vice president and director of option strategies with Wheat First Securities and a stock-broker with Merrill Lynch, Mr. Dorsey now conducts risk management seminars across the country. He has written numerous articles on the equity market and options for the Wall Street Journal, Barron's, Technical Analysis of Stocks and Commodities, and Futures.
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