What Is It About?
This book covers the Point and Figure method of stock charting. Based on the theory that stock prices are simply a reflection of supply and demand the book explains to the reader what Point and Figure charting is and how to utilize Point and Figure Charts. Easy to understand explanations and the included CD with tutorial provide the reader with an easy to grasp understanding of the subject.
What Did I Get Out Of It As A New Investor?
The subject of stock charting is anathema to many investors. I am of the opinion that stock charting, like every mode of investing, has its place and value to each individual. Point and Figure charting may be the best example of stock charting for the new investor. Straight forward without many complicated patterns to learn and study, Point and Figure charting simply seeks to divine supply and demand with respect to the stock, ETF, or mutual fund studied. Coupled with fundamental analysis, Point and Figure charting may provide the investor with an additional tool in making investing and trading decisions. This book does a fine job of explaining how.
The Good News
For the new investor and trader looking to explore stock charting this book and the method it covers provides a simple straight forward explanation on how to do so.
The Bad News
Those who reject the idea of stock charts as a useful process will not find much value here.
The Bottom Line
Stock charting exists. New investors and traders are a curious lot. This book helps such individuals determine whether stock charting appeals to them as a useful tool or is nothing more than a distraction.
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