In this book Victor de Villiers shows you how to successfully forecast market prices and determine what action should be taken. The Point & Figure Method is divided into ten chapters, containing charts, pattern examples, and a wealth of historical information. A must-read for those who want a true understanding of the point and figure method.
…
Buy The Point & Figure Method of Anticipating Stock Price Movements at Amazon
This book is not a how-to on the modern methods of Point and Figure charts, as Tom Dorsey’s book is. It is however an important historical classic, which makes you think about the psychology behind the buyers and sellers and gives some insights into trading the point and figure charts that the more modern books don’t. Well worth the small price for the paperback if only for the sections on the fulcrum.
I love to learn new ideas when it comes to investing, but I look for reviews that talk about how technical a book was, how they prove their theories. It has been difficult for me to get past the 35 pages of “Our method is the best because we say it is”. Not one shred of evedience is offered to back up any claim that this is the only thing you need to know how to invest. The fact that volume is totally discounted as usless information should regulate this book to the “don’t waste your money” pile. Rising prices with lessening volume signals weakness, while rising prices with increasing volume shows strength. Supply and demand. Price does’t show everything, even if it may be the most important thing.
The content itself is good and useful in making some profits in stock or currency trading. However, there is one major problem about false signal (either buy or sell signal), about which the author never mentions and never gives any suggestions to solve this obstacle. In general, the book is helpful !