Praise for Point and Figure Charting
"I have spent five decades in the financial services industry, and it is a hard thing to navigate the markets; but Tom′s Point and Figure method is the most straightforward, logical way that I′ve seen of analyzing the markets. He has expanded my understanding of the stock market and the way I look at my investments."
Hugh L. McColl Jr., retired CEO, Bank of America
"Everyone who′s involved in financial markets must understand Point and Figure charting in order to get the full picture, whatever your view of technical analysis."
Jim Rogers, author of Hot Commodities and Investment Biker
"Tom Dorsey′s industry–leading technical research has survived the test of time and continues to adapt to the new and ever–changing world of the investment advisor. I have counted Tom as a friend and business partner for the last two decades, and continue to learn at the feet of the master. Once again, Tom is equipping the advisor, through this book, with the armor needed to both defend a client′s assets and outperform when the markets look impossible."
Ben Fulton, President and CEO, Elkhorn Investments
"The key to successful investing is to adhere to a disciplined, time–proven method for entering and exiting a stock, a sector, or the market as a whole. Point and Figure Charting provides that discipline and there is no better champion than Tom Dorsey. In clear concise language, Tom has, once again, explained the dispassionate barometer that can give every investor the confidence to know when to buy and when to sell."
Joshua B. Parker, President, Gargoyle Investment Advisor LLC
"The three cornerstones of our high–net–worth/ultra–high–net–worth financial advisory practice are macro, fundamental, and technical analyses. When it comes to technical analysis, we use Dorsey, Wright & Associates daily to monitor both portfolios and dynamic changes in asset classes and make decisions based on the data and trends we see. We think in this post global financial crisis world that the Point and Figure methodology is extremely important in navigating markets."
Stephanie Twomey, Director, Twomey, Zell & Gibbons Group, Morgan Stanley Private Wealth Management; Barron′s Top 100 Women Financial Advisors
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