Market breadth indicators are so called because they measure the action of a group of instruments – either the constituents of a sector or the whole market itself. Breadth, therefore, measures the market trend by looking at the action of…

Before discussing the optimisation of Point and Figure charts, it is worth discussing optimisation in general, as it is a subject that requires clarification. The case for and against optimisation Optimisation of technical indicators and chart signals has its devotees…

The Point and Figure method is really just another way of charting data, just as line and bar charts are. There is, therefore, no reason why they cannot be used for charts other than pure price charts, such as calculated…

When faced with analysing a Point and Figure chart, there are a number of thought processes you need to go through. This chapter takes you through those processes so that you can make the decisions that affect the look and…

One of the biggest advantages of Point and Figure charts is ‘the count’, as it is called, which is the ability to project price targets from the chart. As with 45° trend lines, these counts are objective. They are potential…

Before you can use Point and Figure charts, you need to understand what the charts are telling you. Because no time is involved in their construction, the chart can show one thing only: uncontaminated supply and demand. Uncontaminated, because the…

Already you will have seen that Point and Figure charts are different from any other type of chart. In order to define them however, certain characteristics must be enumerated and discussed. These characteristics are also important for the understanding and…

Point and Figure charts are unique to Technical Analysis. Their roots are in the markets and have fascinated Technical Analysts for over a hundred years. Chart 1-1 below shows a Point and Figure chart ofWhitbread pic, the same company shown…

Preface What this book is about This book is about Point and Figure charts; anyone wishing to practise Technical Analysis of the markets should be fully conversant with them. They may be the oldest method of charting the market in…

PORTFOLIO CONSTRUCTION AND MANAGEMENT Thus far, in the book we have dissected the puzzle and examined each piece separately. Let’s take a few moments and succinctly sum up the investment process. Think of this method of portfolio management as an…