Market Dynamics Learn Relative Strength Point & Figure Charting
The Spirit of Technical Analysis
Region of serious under-performance
Extreme volatility - Shortest time period
High performance bullish support lines Example 1-2
High performance bullish support lines Example 3-4
High performance bullish support lines Example 5-6
High performance bullish support lines Example 7-8
High performance bullish support lines Example 9-10
Resistance below the bearish resistance line
Major long-term trends Example 1-2
Major long-term trends Example 3-4
Major long-term trends Example 5
Major long-term uptrends Example 1-2
Major long-term uptrends Example 3-4
Major long-term uptrends Example 5
Some thoughts about how the market works
Some thoughts about portfolio management
Relative strength study - real time - uptrends and downtrend lists published by WCA in 1999
Learn Relative Strength Point & Figure Charting
Extreme volatility - Shortest time period
This stock exhibits “wild” volatility relative to the market. The period of time covered by
the chart is only six or eight months and the plot of relative strength goes off the scale at both the top and the bottom.
Performance relative to market
Better than market – Upward sloping graph
This is an example of a stock that completely outperformed the market from late ’99 to mid-2000. The 45-degree bullish support line is always started from a prominent low on the chart and is drawn upward to the right at a 45-degree angle.
Even with the market – flat chart
This is an example of a stock that has been flat relative to the market for almost the entire period from mid- ’97 to mid-2000.
By W. Clay Allen CFA
Charting and Technical Analysis
This document explained like using the Technical Analisys applied to the Point & Figure Charting By W. Clay Allen CFA