DeVilliers and Taylor on Point and Figure Charting (Traders' Masterclass)

Victor DeVilliers; Owen Taylor; Donald Mack (Introduction; Editor)

ISBN 10: 0273649752 / ISBN 13: 9780273649755

Published by Pearson Education / Financial Times Prentice Hall, 2002

About this Item

Oversized paperback, reprint, xxviii + 276 pages, NOT ex-library. Interior is clean and bright throughout with unmarked text, free of inscriptions and stamps; a touch of minor wear to tips of page corners. Faint dusty marks on page edges externally. Firm secure binding. Covers show gentle handling wear; rear panel with faint non-sticky residue of removed stickers. Spine remains free of creasing. -- This book serves as a comprehensive consolidation of foundational texts that established the systematic foundations of the Point and Figure (P&F) method, presented with a new introduction by editor Donald Mack that frames their relevance for contemporary traders. The text is structured into thematic sections that detail the core principles of price action analysis, specifically focusing on the elimination of irrelevant market fluctuations by disregarding the element of time. Key concepts examined include the formation of the 'fulcrum' - a critical congestion area used to identify trend reversals - and the 'catapult', which signals a breakout from these zones. A central focus is the 'count', a unique P&F technique used to project price targets and estimate the potential extent of a price move. The original authors provide technical guidance on plotting price movements using a grid of Xs and Os, explaining the significance of box sizes and reversal criteria in both one-point and three-point charting formats. A major portion of the work is dedicated to historical campaign analyses, such as those involving U.S. Steel and Western Union, to demonstrate how the method anticipates major cycle culminations and minor swings. By integrating the 1933 instructional manual with technical refinements from the same era, the book offers a rigorous methodology for gauging the supply and demand forces that drive stock and commodity prices independently of time and external market noise.

Seller Inventory # 007692

Bibliographic Details

• Title: DeVilliers and Taylor on Point and Figure Charting (Traders' Masterclass)
• Publisher: Pearson Education / Financial Times Prentice Hall
• Publication Date: 2002
• Language: English
• ISBN 10: 0273649752
• ISBN 13: 9780273649755
• Binding: Soft cover
• Condition: Very Good

About this title

Synopsis

(Prentice Hall, Pearson Education) The original published work on the Point and Figure method of stock market analysis, republished for traders and investors. Based on the research of Charles S. Dow, the founder of the Wall Street Journal.

About the Author

DeVillers and Taylor were both acknowledged stock and commodity market analysts. It is to their credit that they recognized just how valuable to investors and traders the Point and Figure method could be. To this end they saw fit to produce this fascinating work on a subject that is, at its basest level, little more than analyzing small "sx" placed on graph paper. However, to merely mark point changes does not differentiate the worthy from the wrong, and the authors went to great lengths to provide the reader with methods with which to analyze patterns and then act accordingly. While Taylor possessed the greater understanding of the technical aspects of market analysis. DeVillers had the ability to write about technical subjects with a lightness of hand and a style that not only informed but also engaged the reader. Between them, a winning partnership was born.

The accessibility of the writing, wrapped up in an enthusiastic attention to detail, ensures that even today this remains the seminal work on Point and Figure charting.