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21st Century Point and Figure: New and Advanced Techniques for Using Point and Figure Charts by Jeremy du Plessis

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Chapter One. Quick Refresher on Point and Figure

Although you should really read a good text on traditional Point and Figure techniques before attempting this book, this chapter is a quick refresher for those who need a reminder. Obviously it can’t cover every aspect, but it should provide you with sufficient knowledge to understand the concepts covered in this book.

Development of Point and Figure

The first thing to note about Point and Figure charts is that they do not have a time scale. The chart does not advance along the x-axis as time passes, but rather it does so as intermediate trends change and new columns are built.

The method started off as a price recording system where traders would write down the prices traded throughout the day ...

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