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
Major long-term uptrends
Example 1-2
example 1
It is always easier to deal with a blow-off in hindsight! The steepening of the upward trendlines suggested the blow-off as it occurred. It is best to get out early on situations like this. Use the rule of nine new high columns to estimate the peak.
This is another example of the dangers inherent in long-term relative strength ranking
systems. The reversal is so fast that the portfolio manager gets bagged before the ranks decline enough to indicate trouble. In my opinion, longterm ranking systems require the use of a stop-loss discipline that most portfolio managers refuse to use.
example 2
These are examples of stocks that experience wild swings in both directions. Since stocks like this are almost always extremely speculative we must be willing to leave the party on “short notice”. The violation of an extremely steep up trend line is a “good enough” reason to step aside on a stock like this.
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