Book description
An up-to-date look at point and figure charting from one of the foremost authorities in the field
If you're looking for an investment approach that has stood the test of time—during both bull and bear markets—and is easy enough to learn, whether you're an expert or aspiring investor, then Point and Figure Charting, Fourth Edition is the book for you. Filled with in-depth insights and expert advice, this practical guide will help you grow your assets in any market.
In this reliable resource, the world's top point and figure charting expert, Tom Dorsey returns to explain how traders and investors alike can use this classic technique—borne out of the irrefutable laws of supply and demand—to identify and capitalize on market trends.
Describes, step-by-step, how to create, maintain, and interpret your own point and figure charts with regard to markets, sectors, and individual securities
Explains how to use other indicators, including moving averages, advance-decline lines, and relative strength to augment point and figure analysis
Reveals how to use this approach to track and forecast market prices and develop an overall investment strategy
Skillfully explains how to use point and figure analysis to evaluate the strength of international markets and rotate exposure from country to country
Today's investment arena is filled with a variety of strategies that never seem to deliver on what they promise. But there is one approach to investment analysis that has proven itself in all types of markets, and it's found right here in Point and Figure Charting, Fourth Edition.
Table of contents
- Cover Page
- Title Page
- Copyright
- CONTENTS
- ACKNOWLEDGMENTS
-
PART I: LEARN THE POINT AND FIGURE METHODOLOGY
- CHAPTER 1: Introduction
- CHAPTER 2: Point and Figure Fundamentals
- CHAPTER 3: Chart Patterns
-
CHAPTER 4: Foundations of Relative Strength
- Different Types of Relative Strength
- How to Calculate Relative Strength
- How to Interpret the RS Chart
- Examples of Relative Strength Changes for Stocks versus the Market
- Where's the Relative Strength Been or Not Been?
- Spotting Positive Divergences
- Changes in Relative Strength Column from Long Tails Up or Down
- Coming Full Circle with Relative Strength
- Examples of Peer Relative Strength Changes for Stocks
- Putting It All Together with Technical Attributes
- Summary
-
CHAPTER 5: Advanced Relative Strength Concepts
- Sector Relative Strength
- Sector Relative Strength Calculation
- Sector Relative Strength Interpretation
- Examples of Sector Relative Strength Changes
- Sector Relative Strength Applied to Exchange-Traded Funds
- Sector ETF Relative Strength Calculation and Interpretation
- Examples of Sector ETF Relative Strength
- Drilling Down: Subsector Relative Strength
- Relative Strength Applied to Asset Classes
- Using Relative Strength to Determine International Exposure
- Got Global? Measuring Overseas versus United States
- Where in the World to Be?
- Mutual Funds: The Same Relative Strength Tools Apply
- The Fund Score
- Stock versus Stock Relative Strength
- The Pepsi Challenge, Taste Buds Aside
- Relative Strength Matrix Concept
- DWA Relative Strength Chart Matrix
- DWA Sector Seven Index Model Universe and Portfolio Rules
- DWA Sector Seven Index Model Historical Testing Information
- Stock-to-Stock Matrix
- Summary
-
CHAPTER 6: Primary Market Indicators for Gauging Risk
- Do You Have an Operating System?
- How the Bullish Percent Concept Developed over Time
- Why Use the Bullish Percent versus a Chart of an Index?
- Mechanics of the Bullish Percent
- NYSE Bullish Percent Risk Levels
- Lessons from the Bullish Percent
- 1987—The Crash
- 1990—Kuwait Invasion
- 1994—Stealth Bear Market
- 1998—Indexes versus Stocks
- 2000—The Two-Sided Market
- 9/11/2001
- 2002—No Place to Hide
- 2003—Who Would Have Guessed?
- 2007—The Setup
- 2008—A Fateful Year
- 2009—Finding a Bottom
- 2010–2011
- 2012 and Beyond
- Bullish Percents around the World
- CHAPTER 7: Secondary Market Indicators
- CHAPTER 8: Sector Rotation Tools
- PART II: THE POINT AND FIGURE METHODOLOGY — A COMPLETE ANALYSIS TOOL
- PART III: APPLY THE POINT AND FIGURE METHODOLOGY TO YOUR INVESTMENT PROCESS
- ABOUT THE WEB SITE
- INDEX
Product information
- Title: Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices, 4th Edition
- Author(s):
- Release date: July 2013
- Publisher(s): Wiley
- ISBN: 9781118445709
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