Customer Reviews

Point & Figure Charting: The Complete Guide

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I bought the hardcover version and it has no table of contents and no index.

Basically, it is very much theoretical in nature. It describes what PnF charting is, the types of patterns, trendlines, price objectives and other features.

There is no discussion as to how the Bullish %, High-Low, 10wk & 30wk-MA charts are created. There are no formulae given, stating that the Bullish % is proprietary to Investors Intelligence, StockCubes or Chartcraft. If one wants to know the formulae, they are freely available on Tom Dorsey's book and website.

It is quite comprehensive in its coverage. But it does not provide any practical applications to what it has written. This is a disappointment. Ultimately, it leaves the reader to experiment through trial and error, which can be costly.

I wish it follows the format of the book written by Stan Weinstein. In that book, it shows simply and clearly what the underlying theory is and how it is applied to the real world. Instead it has a format similar to that of Michael L. Burke's - The All New Guide to the Three-Point Reversal Method of Point & Figure Constructions and Formations. Not much difference in content either.

The material is dated. I got about 10% of worth from the material. Tom Dorsey's books are better. The original book was written in 1934. Not much has been done to edit the book for today's markets.

This book is practically unusable as a reference text due to the lack of an index. The Table of Contents does not do the job.

This book extends point and figure techniques for modern markets. The author methodology is consistent and logical, and the ideas particularly interesting. It is a successor to Wheelans classic. Lots of food for thought. Now all we need is a decent point and figure charting program so we can push the envelope even further.