The Point and Figure Method of Anticipating Stock Price Movements

The Point and Figure Method of Anticipating Stock Price Movements: Complete Theory and Practice - Front Cover
Title Page
Summary Note
Printer's Imprint
Contents
Authors' Preface
I: The Principles of the Point and Figure Method
	Logic Is the Basis of This Method
	Irrelevant Fluctuations Eliminated
	How the Method Got Its Name
	Graphs Are Logical and Scientific
	Introductory Summary of Important Principles
	Needed Accessories Are Few
	Plotting a Stock Price Movement
	One-Point Charts the Basis of the Method
	Accessories and Working Tools
II: The Weight of Authority Behind This Method
	Refined to Coordinate with Present Day Markets
	Mystery and Complications Have Been Clarified
	Expensive Financial and Economic Reports Unnecessary
	Certain Factors Taken for Granted
	Analytical Technic Easy to Master
	Losses Limited While Profits Accrue
	Method Weighs Forces of Buying and Selling
III: Advantages of This Method Over Others
	Speed and Ease of Recording Data
	The Method Ignores Volume
	Price Changes Versus Volume
	Supply Versus Demand
	Volume Easily Manipulated
	Facility of This Method
	The Utter Simplicity of the Records
	Manipulation Readily Detected
	Use All Full-Figure Changes in Making Charts
	Method Is Superior to Inside Information
	Isolation Develops Best Results
	Our Charts Reveal Plans of the Majority
	How the Move Begins
	Stock Market Trading Is a Business
	Inside Information Unnecessary
	One-Point Charts Show All
IV: The Vital Points
	Vital Point I - Recording Full-Figure Changes
	Vital Point II - Only Full-Figure Changes
	Vital Point III - Suitable Graph Paper
	Vital Point IV - Use of Horizontal and Vertical Columns
	Vital Point V - Trend Reversals
	Vital Point VI - Only One Symbol to a Square
	Vital Point VII - Move Over Diagonally
	Vital Point VIII - Skip No Squares
	Vital Point IX - Formation of Congestion Area
	Vital Point X - The Full Fulcrum
	Vital Point XI - First Buying Point
	Vital Point XII - The Catapult
	Vital Point XIII - Secondary Buying Point
	Vital Point XIV - The Semi-Catapult
	Vital Point XV - Third Buying Point
	Vital Point XVI - Watch for Distribution
	Vital Point XVII - Trend Lines
	Vital Point XVIII - Forecasting the Extent of the Move
V: Approved Method of Assembling and Maintaining Proper Data
	The Ticker Tape
	Source of All Data
	Daily Full-Figure Fluctuations Available
	Method Ideal for Those at Distant Points
	Application of the Data
	How to Prepare and Collate the Needed Data
	Proper Graph Paper Helpful
	Arrange Charts Orderly
	How to Select the Issues to Record
	Clarifying the Use of the Symbols
	Moving to Next Vertical Column
	Use of Symbol "0"
	One Cardinal Principle
	Gaps Are Not Recorded
	How the Gap Occurs
	Plotting the Gap
	The One-Point Chart
	The Three-Point and Five-Point Charts
	Condensing the One-Point Moves
	Other Helpful Aids
	The Method Substitutes for Tape Reading
	Trend Outline and Geometrical Charts
	The Proper Issues to Chart
	Commodity Price Movements
VI: The Scientific Fundamentals
	The Fulcrum
	Leverage
	Watch for a Fulcrum
	The Ideal Full Fulcrum
	Down Trend a Prerequisite to Fulcrum Formation
	Supply Equals Demand
	Advantage of Figure Charts
	The Buying Points
	The Broad Fulcrum
	The Recoil Fulcrum
	The Catapult
	The True Catapult
	The False Catapult
	The Semi-Catapult
	Use "Stops" to Protect Position
VII: The Principles of Charting
	The One-Point Chart
	Move to Next Column
	Signs of a Fulcrum
	Technical Aids
	The Three-Point Chart
	Determining Three-Point Moves
	The Use of Five-Point Charts
VIII: Analyzing Technical Position
	The Price Path Characteristics
	Patterns of the Leaders Duplicated in the Secondary Issues
	Solid Formations Give Confidence
	Watch for Changes in Activity
	Strong and Weak Technical Position
	Weak Technical Position
	Gauging the Length and Culmination of the Moves
	The Count
	Coordinating Your Studies
IX: Anticipating the Action of U.S. Steel
	The Full Ideal Fulcrum
	The Catapult Position
	The Semi-Catapult Position
	Consolidating the Gains
	The Final Mark Up
	The End of the Move - A Reverse Fulcrum
	The Short Positions
	Geometrical Charts
	The Trend Outline Charts
	The Three-Point Figure Charts
	The Five-Point Charts
	Summary
X: Analyzing a Campaign in Western Union
	Selecting the Fast Moving Issues
	The Full Fulcrum Base
	The Catapult
	The Semi-Catapults
	The Short Positions
	Summary
XI: Judging the Minor Swings
	The Half-Hourly Index of the Dow Jones Industrials
	The Half-Point Half-Hourly Log
	Half-Point Technic
	Scientific Tape Reading
	Analyzing the Half-Point Chart
	Ignore Rumors and Gossip
	Summary
XII: Half-Point Technic in Atlas Tack
	Historical Background
	Analyzing the Campaign in Atlas Tack
	Important Signal During July Break
	The First Caution Signal
	Boardroom Observations
	The Shorts Began to Cover
	Point and Figure Analysis
XIII: The Main Trend and Major Cycle Culminations
	Critical Culmination Points Easily Detected
	The One-Point Chart - The Basis for Analysis
	Interpreting an Intricate Major Culmination
	The First Temporary Top
	Semi-Catapult Point - Unusually Bullish Pattern
	Strength Carries Through Objective Level
	The Change Over of Technical Action
	The Top of the Move Clearly Indicated
	Indications of a Major Culmination
	Bear Trend Technical Action
	The Investor or Long-Term Trader
XIV: Technical Indications at a Turning Point
	The Change to an Up Trend
	The Change to a Down Trend
Conclusion
Compendium of Charts - Figures 1 through 30
Trading Resource Guide
Rear Cover