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Point and Figure Charting by Thomas J. Dorsey

Any trader has heard about such an interesting way of graphical analysis as point and figure charting. Reflecting the behavior of shares, futures and other financial instruments, this method is considered to be the simplest and highly effective system for the market analysis.

It is generally accepted that point and figure charting can help not only estimate support and resistance levels, but also identify the phase of market development and the key moments of price movement. By means of this method one can easily find target zones and distinguish real breakouts from false ones.

Not many people accept this method considering it to be unreliable, the others see a lot of reasons to learn it. In Thomas Dorsey's book Point and Figure Charting one can find information about the basics, ways of chart construction and interpretation of this method written in a comprehensible and obvious way. 

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Thursday, 25 May 2017
04:42
Italy Mar Industrial Orders Rise 9.2% On Year
04:41
Italy Mar Industrial Sales Rise 0.5% On Month
04:40
Italy Mar Industrial Orders Down 4.2% M-o-M
04:37
UK Apr Mortgage Approvals 40.75K, Consensus 40.8K: BBA
04:34
Hong Kong Apr Imports Up 7.3% On Year, Consensus 13.5%
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Hong Kong Apr Exports Up 7.1% On Year, Consensus 12.5%
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UK Q1 Business Investment Rises 0.6% On Quarter
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Hong Kong Apr Trade Deficit HK$34.1 Bln, Consensus -HK$39.2 Bln
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UK Q1 Index Of Services Rises 0.2% Q-o-Q
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UK Mar Services Output Up 0.2% On Month
04:31
UK Q1 GDP Up Rev 0.2% On Quarter, Flash 0.3%
04:03
Poland Apr Jobless Rate 7.7% Vs. 8.1% In Mar, Consensus 7.7%
04:00
ITALY MAR INDUSTRIAL ORDERS YY NSA INCREASE TO 9.2 % VS PREV 7.80 %
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ITALY MAR INDUSTRIAL SALES MM SA DECREASE TO 0.5 % VS PREV 2.00 %
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Spain Q1 GDP Up Unrev 3% On Year
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Spain Q1 GDP Rises 0.8% On Quarter, Flash 0.8%
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ONE OPEC DELEGATE SAYS ONE-YEAR EXTENSION IS STILL AN OPTION
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PORTUGAL'S PSI20 UP 0.29 PERCENT AT 5,229.23 POINTS
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TURKISH CENTRAL BANK SAYS DOES NOT OPEN ONE-WEEK REPO AUCTION
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RUSSIAN ROUBLE OPENS 0.5 PCT FIRMER VS DOLLAR AT 56.13
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GERMANY'S DAX UP 0.4 PCT
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ITALY'S FTSE MIB UP 0.30 PERCENT AT 21,433.58 POINTS IN EARLY DEALS
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SHANGHAI COMPOSITE INDEX CLOSES UP 1.4 PCT AT 3,107.83 POINTS
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GERMAN BUND FUTURES OPEN 30 TICKS HIGHER AT 161.1
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TOKYO'S NIKKEI AVERAGE UNOFFICIALLY CLOSES UP 0.36 PCT AT 19,813.13
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TAIWAN STOCKS CLOSE UP 0.6 PCT AT 10,108.49 POINTS
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BOJ'S SAKURAI: FISCAL CONSOLIDATION IS AN IMPORTANT LONG-TERM GOAL
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CSI300 REAL ESTATE INDEX UP 3 PCT
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