Customer Reviews

The Point and Figure Method of Anticipating Stock Prices: Complete Theory & Practice

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Is a good primer for the novice technician to decide whether or not persue further study of Point and Figure Charts. The book can be read in an hour or so, however, I found his writing style somewhat tedious but clear. Another draw back is that the print is small and poor quality in places, probably because it's a reproduction of the original. Since the book was written there have been a few improvements to the construction, recognition of more patterns, and optimization of P&F charts. None of these improvements are earth-shaking as they are only refinements that have evolved in the changing markets.

For advanced study, John J. Murphy's comprehensive book, "Technical Analysis of the Futures Markets," goes well into detail of the construction of P&F charts, many pattern examples, and suggestions how to optimize them. Although Murphy wrote the book around the futures markets, it applies to stock equites, mutual funds, options, and indices as well.

An interesting historical reference. You can see how far the methodhas come since 1933. But if you want to learn and use P&Fcharting, buy the Tom Dorsey book, "Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices." excellent for timing your entry, setting stops and forming an exit strategy as well to control risk. END

If you are looking for a book that will explain point and figure charting, keep searching. This book is sketchier on the actual construction of p&f charts than a full service broker.

If you are new to investing or are a seasoned investor this is the book for you. Victor deVilliers wrote this book during the "happy days" of the stock market (1920's)It is still valuable information for use today.