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

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.…