Point and Figure Charting

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.

Acknowledgments vii Part I Learn the Point and Figure Methodology Chapter 1 Introduction 3 Chapter 2 Point and Figure Fundamentals 29 Chapter 3 Chart Patterns 61 Chapter 4 Foundations of Relative Strength 105 Chapter 5 Advanced Relative Strength Concepts 145 Chapter 6 Primary Market Indicators for Gauging Risk 183 Chapter 7 Secondary Market Indicators 223 Chapter 8 Sector Rotation Tools 247 Part II The Point and Figure Methodology—A Complete Analysis Tool                                            Chapter 9 Fixed-Income Indicators 275 Chapter 10 Utilizing the Exchange-Traded Fund Market 291 Chapter 11 Evaluating the Commodity Market for Opportunities 319 Chapter 12 Trading Options Using Point and Figure 349 Part III Apply the Point and Figure Methodology to Your Investment Process Chapter 13 Portfolio Construction and Management 369 About the Web Site 379 Index 381