 | Point and Figure charts are one of the great secrets of the Technical Analysis world. Highly sophisticated and with a thoroughbred pedigree, they can, however, be overlooked by traders today. Jeremy du Plessis - one of the foremost Point and Figure experts in the world - returns with a fully updated second edition of this definitive guide in an effort to redress this imbalance. This second edition, with an extensive revision to the text and introduction of brand new techniques, demystifies the world of Point and Figure charting. It includes a detailed explanation of the history and development of the technique from its invention to the modern day, and covers the makeup of the chart patterns, why they are created, and how to interpret them.
Throughout, readers are encouraged to understand Point and Figure charts from first principles, rather than just remember the names of a series of patterns. It is the first major work for 50 years to discuss in depth the original 1-box reversal method of Point and Figure charting and contrast it with the more popular 3-box reversal method. Further, the explanation of how to use Point and Figure charts to project targets and calculate risk-reward ratios is the most comprehensive ever seen.
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| Reviews:
"Rarely does a book live up to its claim of being the 'definitive' guide to something. Jeremy du Plessis' new book lives up to that claim and more. It's almost impossible to imagine a more definitive treatment of point and figure charting. The author pays homage to its early development and the pioneers who first wrote about it. He gives extensive coverage to the original 1-point reversal method before moving on to the more modern methods. The subject is examined from every conceivable angle. I'm not aware of anyone who has even attempted to combine p&f charting with so many modern technical indicators. I expect that du Plessis' book will not only become the definitive book on point and figure, but will also become a classic in the field of technical analysis." - John Murphy CMT, Author of Technical Analysis of the Financial Markets
"A superbly comprehensive book on this powerful technique from one of the world's leading experts on the subject. A must read for all serious technicians and investors." - Adam Sorab, Chairman - UK Society of Technical Analysts
"Even though point and figure charting is 120 years old, Mr. du Plessis has brought a truly fresh and authoritative approach to a subject that is central to technical analysis. Bravo!" - Bruce M. Kamich, CMT, Adjunct Professor of Finance at Baruch College, Past President of the Market Technicians Association
"Not only does Mr. du Plessis plumb the history and elucidate the present state of point and figure analysis, he looks at a craft many regard as passe and sees a vibrant future. This eye-opener is a welcome addition to the literature of technical analysis." - John Bollinger, CFA, CMT, President, Bollinger Capital Management | |  | | |
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