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
High performance bullish support lines
Example 1-2
Use on high risk, speculative stocks
Slope is 50% steeper than 45 degree bullish support line
Example 1
The high performance bullish support line rises at a rate 50% faster than the 45-degree bullish support line. The steeper slope is used to require a higher measure of excess return to compensate for stocks with higher volatility (i.e. risk).
Example 2
CSCO has been one of the best performers in the recent bull market. This chart shows the effects of a stock split in reducing the historic volatility of a relative strength chart. As the stock fluctuated before the stock split the volatility was much greater on these charts than the current chart depicts. It is a function of scaling.
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