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
Triple bottom sell signal
example 1
The 45-degree bullish support line has failed and a triple bottom sell signal has been registered. This stock seems to be in a prolonged downside slide – nothing dramatic but significant nonetheless. It should be noted that previous support has been violated which is an additional negative input. Repeated bullish support line failures have been recorded which adds to the downside evidence.
example 2
The triple bottom sell signal is shown in the example. It should usually be used with a penetration of the bullish support line. A sell signal after a major bull market move should be given more weight than a signal that is registered after a long decline.
This example shows both a triple bottom sell signal and a bullish support line violation. A downward sloping bearish resistance line could now be drawn from the top at (A, 13).
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