Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices, 2nd Edition (A Marketplace Book) (Hardcover)

~ (Author), Marketplace Books (Author) "Many investors are familiar with charts of some kind or other, whether from school or reading newspapers or magazines..." (more)
Key Phrases: double top buy signal, double bottom sell signal, weekly momentum, Bullish Percent, Bullish Support Line, Dow Jones (more...)

Editorial Reviews

Review

Dorsey explains how you can use your findings to track and forecast market prices and develop an overall investment strategy. -- BACK COVER

Dorsey shows, step-by-step, how to create, maintain, and interpret your own point and figure charts. -- Publisher

Product Description

The classic source for the technical analysis discipline now brings readers up to date in techniques and technology
Now, in this second edition of the classic text, expert Thomas Dorsey shows, step-by-step, how to create, maintain, and interpret your own point and figure charts. He explains how you can use your findings to track and forecast market prices and develop an overall investment strategy. Perhaps most importantly, he helps you develop confidence in the market and take decisive action at the appropriate time, rather than reacting after the fact. Dorsey also highlights new developments in the field and incorporates the use of recently developed software to track any market using point and figure methods. Written for both new and experienced P & F chartists, this updated edition of a technical analysis classic brings point and figure charting into the Internet age.
Thomas J. Dorsey (Richmond, VA) is President of Dorsey, Wright & Associates, a registered investment advisory firm that uses point and figure charting as its main source of technical analysis.

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Product Details

• Hardcover: 256 pages
• Publisher: Wiley; 2 edition (June 12, 2001)
• Language: English
• ISBN-10: 0471412929
• ISBN-13: 978-0471412922
• Product Dimensions: 9 x 6 x 1.2 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (33 customer reviews)
• Amazon.com Sales Rank: #498,622 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

39 of 40 people found the following review helpful:

5.0 out of 5 stars A vital addition to your library., April 11, 1999

By A Customer

This review is from: Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices (A Marketplace Book) (Hardcover)

Some people find a good thing early on and are smart enough to stick with it. I am not one of those people, but Tom Dorsey is. I've read about every TA book ever written, I've studied everything from stochastic to voodoo and back, and if someone asked me to recommend one single book for learning and successfully applying Technical Analysis in order to make money, it would be this book. The methods described are powerful yet simple, (which usually is the best), concise, (no filler), and include a strategy for any plan to make money in the market and avoid giving it all back.

From the overall concepts of Point and Figure Charting to the specific rules for managing your trades, your portfolio, and your money, you'll be happy you took the time learn what Tom Dorsey has shared about those little Xs and Os.

75 of 84 people found the following review helpful:

3.0 out of 5 stars Too Hard to Read, Concepts Available Elsewhere, March 19, 2001

By A Customer

This review is from: Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices (A Marketplace Book) (Hardcover)

Mr. Dorsey is a talented financial analyst and amateur weightlifter when he was younger BUT, he is not a good writer (this has been confirmed in my personal correspondence with Mr. Dorsey) and this book cries out for thorough editing. One can learn Point and Figure charting for free at the dorseywright dot com web site (just look for the point n figure university link at the bottom of the home page). Dorsey knows his stuff but the more easily bored one is, the more one will find this book aimless and boring. Point and Figure is superior to bar and candlestick charts because it records meaningful market movement while ignoring the small stuff. Another Point and Figure book, published in the 1930s by de Viller (?), is also very hard to read and not worthy of buying. Let's hope Mr Dorsey, a great guy and always terrific on CNBC, will get this book re-edited and whittled down to about 175 pages. Learn it for free at his website and order "Chart Reading Made Easy" by John Murphy to quickly and economically learn technical analysis.

35 of 37 people found the following review helpful:

5.0 out of 5 stars Get the edge now. These techniques are now my bread & butter, January 21, 2000

By	D. Foster (Norcross, GA) - See all my reviews (REAL NAME)

This review is from: Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices (A Marketplace Book) (Hardcover)

If you don't understand technical analysis you will find these concepts very different from anything you've seen but after you grasp the basics you will then only begin to understand what a wonderful tool that point and figure charting is. Dorsey explains all the concepts in a very clear and concise manner. It is very easy to understand but don't let that mislead you into thinking that if it's so easy why isn't everyone doing it. That's the beauty of it. Not too many people know about this. It is uncanny how profitable your investing can become once you employ this methodology. I have been using the methods described in this book and I have been very successful. LAST YEAR (1999) I HAD A RETURN OF 61% WHILE ONLY BEING 70% INVESTED! Talk about low risk and HIGH RETURN! Of course you need to employ some fundamental analysis in conjuction with this technical analysis but I know I couldn't have had such a great year without P & F (point and figure). NO, it wasn't luck. I was invested in as many as 30 stocks and I had exposure in 15 different sectors while having no more than 2 or 3 high flying stocks at one time. Speaking of high flying stocks (like QCOM of which I didn't even have any positions in!), point and figure charting will give you the ability to invest in these wild ones while stomaching the volatility. All in all this book and more importantly this knowledge is the HOLY GRAIL for me!