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Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices
Description
Point & Figure Charting Many investors tend to forget that the most basic force affecting securities prices is the law of supply and demand. Point and figure charting is a time-honored, proven method of tracking fluctuations in supply and demand and recognizing promising trends early enough to take advantage of them. In this book, Thomas J. Dorsey shows you, step-by-step, how to create, maintain, and interpret your own point and figure charts. He explains how you can use your findings to track and forecast market prices and develop an overall investment strategy. Perhaps most importantly, he helps you develop confidence in the market and in your own ability to take decisive action at the appropriate time, rather than reacting belatedly to rapidly changing market conditions. Point and Figure Charting isn’t just for brokers. It’s a simple, clear, straightforward presentation of the oldest and most completely tested method for technical analysis of stock prices. This classic method is both simple and accurate enough to enable every investor to become a technical analyst. With the help of this book, you will find yourself tracking not only individual stocks, but also market segments, commodities, mutual funds, and more. You will learn to use important market indicators, such as the NYSE Bullish Percent; make and use relative strength calculations; apply sector rotation; and trade options, commodities, and other financial instruments using point and figure charting. No other book on technical analysis takes you so far, so fast. You will move beyond theory into actual trading techniques you can apply in specific markets to become a self-reliant investor. You will learn to plan your own investment strategies designed to outperform the market and produce returns on your investments that, up to now, you’ve only dreamed of. If you’re tired of leaving your financial future in the hands of money managers who don’t seem to do much more than follow the herd from one fad investment to the next, here is your chance to take control of your investments with a logical, sensible approach built around the way the market actually functions.
Product Details
* Hardcover: 256 pages
* Publisher: Wiley; 2 edition (June 12, 2001)
* Language: English
* ISBN-10: 0471412929