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The Point & Figure Method of Anticipating Stock Price Movements
By: Taylor, Owen ; De Villiers, Victor

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Item #: 11804
Pages: 163
Publisher: Marketplace Books
ISBN: 1883272831
Type: Book - Soft Cover
Publish Date : 12/1/2000
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Synopsis:
In this book Victor de Villiers shows you how to successfully forecast market prices and determine what action should be taken. The Point & Figure Method is divided into ten chapters, containing charts, pattern examples, and a wealth of historical information. A must-read for those who want a true understanding of the point and figure method.

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Jacket Description:
Accurately anticipating stock prices and defining precise entry and exit points is the dream of every investor. For decades, the Point and Figure Method has been one of the most useful techniques for successfully forecasting market prices and determining what action should be taken.

Victor de Villiers pioneered this method in his groundbreaking book The Point & Figure Method of Anticipating Stock Price Movements, which remains an accepted classic today. This cherished work...

- Details the construction of "P&F" charts
- Provides numerous pattern examples
- And offers suggestions on how to optimize them

Other modern-day works-most notably Tom Dorsey's Point & Figure Charting-put "P&F" in the context today's investment climate, offering improvements and applications to basic concepts. But, for a true understanding of this method and the foundations on which it is based, de Villiers' landmark work should be included in every investor's library.

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Table of Contents:
Authors' Preface xi

I: The Principles of the
Point and Figure Method 1
Logic Is the Basis of This Method 2
Irrelevant Fluctuations Eliminated 3
How the Method Got Its Name 3
Graphs Are Logical and Scientific 4
Introductory Summary of Important Principles 4
Needed Accessories Are Few 5
Plotting a Stock Price Movement 6
One-Point Charts the Basis of the Method 6
Accessories and Working Tools 7

II: The Weight of Authority Behind This Method 9
Refined to Coordinate with Present Day
Markets 10
Mystery and Complications Have Been Clarified 11
Expensive Financial and Economic Reports Unnecessary 11
Certain Factors Taken for Granted 12
Analytical Technic Easy to Master 12
Losses Limited While Profits Accrue 13
Method Weighs Forces of Buying and Selling14

III: Advantages of This Method Over Others 15
Speed and Ease of Recording Data 15
The Method Ignores Volume 16
Price Changes Versus Volume 16
Supply Versus Demand 17
Volume Easily Manipulated 17
Facility of This Method 18
The Utter Simplicity of the Records18
Manipulation Readily Detected 20
Use All Full-Figure Changes in Making Charts 21
Method Is Superior to Inside Information 22
Isolation Develops Best Results 22
Our Charts Reveal Plans of the Majority 23
How the Move Begins 24
Stock Market Trading Is a Business 25
Inside Information Unnecessary 25
One-Point Charts Show All 26

IV: The Vital Points 27
Vital Point I - Recording Full-Figure Changes 28
Vital Point II - Only Full-Figure Changes 29
Vital Point III - Suitable Graph Paper 29
Vital Point IV - Use of Horizontal and Vertical Columns 30
Vital Point V - Trend Reversals 30
Vital Point VI - Only One Symbol to a Square 30
Vital Point VII - Move Over Diagonally 32
Vital Point VIII - Skip No Squares 32
Vital Point IX - Formation of Congestion Area 32
Vital Point X - The Full Fulcrum 33
Vital Point XI - First Buying Point 33
Vital Point XII - The Catapult 33
Vital Point XIII - Secondary Buying Point 34
Vital Point XIV - The Semi-Catapult 34
Vital Point XV - Third Buying Point 34
Vital Point XVI - Watch for Distribution 35
Vital Point XVII - Trend Lines 35
Vital Point XVIIl - Forecasting the Extent of the Move 35

V: Approved Method of Assembling and
Maintaining Proper Data 37
The Ticker Tape 38
Source of All Data 38
Daily Full-Figure Fluctuations Available 39
Method Ideal for Those at Distant Points 40
Application of the Data 40
How to Prepare and Collate the Needed Data 41
Proper Graph Paper Helpful 41
Arrange Charts Orderly 42
How to Select the Issues to Record 42
Clarifying the Use of the Symbols 43
Moving to Next Vertical Column 44
Use of Symbol "0" 45
One Cardinal Principle 46
Gaps Are Not Recorded 46
How the Gap Occurs 47
Plotting the Gap 48
The One-Point Chart 48
The Three-Point and Five-Point Charts 49
Condensing the One-Point Moves 49
Other Helpful Aids 51
The Method Substitutes for Tape Reading 51
Trend Outline and Geometrical Charts 52
The Proper Issues to Chart 53
Commodity Price Movements 54

VI: The Scientific Fundamentals 57
The Fulcrum 57
Leverage 58
Watch for a Fulcrum 58
The Ideal Full Fulcrum 58
Down Trend a Prerequisite to Fulcrum Formation 59
Supply Equals Demand 61
Advantage of Figure Charts 61
The Buying Points 61
The Broad Fulcrum 62
The Recoil Fulcrum 63
The Catapult 64
The True Catapult 64
The False Catapult 64
The Semi-Catapult 67
Use "Stops" to Protect Position 67

Vll: The Principles of Charting 71
The One-Point Chart 71
Move to Next Column 72
Signs of a Fulcrum 73
Technical Aids 73
The Three-Point Chart 74
Determining Three-Point Moves 76
The Use of Five-Point Charts 77

VIll: Analyzing Technical Position 79
The Price Path Characteristics 79
Patterns of the Leaders Duplicated in the
Secondary Issues 79
Solid Formations Give Confidence 80
Watch for Changes in Activity 80
Strong and Weak Technical Position 81
Weak Technical Position 81
Gauging the Length and Culmination of the Moves 82
The Count 82
Coordinating Your Studies 82

IX: Anticipating the Action of U.S. Steel 85
The Full Ideal Fulcrum 85
The Catapult Position 86
The Semi-Catapult Position 86
Consolidating the Gains 86
The Final Mark Up 87
The End of the Move -A Reverse Fulcrum 88
The Short Positions 89
Geometrical Charts 89
The Trend Outline Charts 89
The Three-Point Figure Charts 91
The Five-Point Charts 92
Summary 92

X: Analyzing a Campaign in Western Union 95
Selecting the Fast Moving Issues 95
The Full Fulcrum Base 96
The Catapult 97
The Semi-Catapults 97
The Short Positions 98
Summary 99

XI: Judging the Minor Swings 101
The Half-Hourly Index of the Dow Jones Industrials 101
The Half-Point Half-Hourly Log 102
Half-Point Technic 102
Scientific Tape Reading 105
Analyzing the Half-Point Chart 105
Ignore Rumors and Gossip 106
Summary 106

XII: Half-Point Technic in Atlas Tack 107
Historical Background 107
Analyzing the Campaign in Atlas Tack 108
Important Signal During July Break 110
The First Caution Signal 111
Boardroom Observations 111
The Shorts Began to Cover 112
Point and Figure Analysis 112

XIII: The Main Trend and Major Cycle Culminations 115
Critical Culmination Points Easily Detected 115
The One-Point Chart-The Basis for Analysis 116
Interpreting an Intricate Major Culmination 116
The First Temporary Top 116
Semi-Catapult Point- Unusually Bullish Pattern 117
Strength Carries Through Objective Level 118
The Change Over of Technical Action 120
The Top of the Move Clearly Indicated 121
Indications of a Major Culmination 122
Bear Trend Technical Action 122
The Investor or Long-Term Trader 123

XIV: Technical Indications at a Turning Point 125
The Change to an Up Trend 125
The Change to a Down Trend 126
Conclusion 127
Compendium of Charts-Figures 1 through 30 129
Trading Resource Guide 159

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