17
POINT AND FIGURE CHARTING
Answers
1. D. The principal difference is that point and figure charts ignore time. Time intervals are plotted at the base of point, and figure charts merely act as a reference point. They have no analytical significance.
2. B.
3. X’s and O’s
4. A.
5. box, reversal
6. B. They are different. The reversal chart refers to a plotting technique; the reversal pattern is a price formation derived from any plotting technique, the completion of which signals a reversal in trend.
7. B. Time is totally ignored in point and figure charting, though dates may be placed at the foot of the chart for reference purposes.
8. vertical, horizontal
9. B. The other answers outline pluses for point and figure charting; for example, they ...
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