Victor Devilliers, Owen Taylor

Devilliers and Taylor on Point and Figure Charting

• Broschiertes Buch

Produktbeschreibung

Little is known about the personal lives of each of these authors, but in surveying their other books and writings, a more informed picture emerges of their capabilities in their chosen field, stock and futures market analysis. From the quality and clearness of the writings in this and other of his works, it soon becomes apparent that Victor DeVilliers was not only very knowledgeable on the markets but he had the uncommon talent to put it into written words. (Most market authors are generally better traders and investors than writers.) On the other hand Owen Taylor was certainly extremely capable, being more the expert on the technical aspects of market analysis, something easily ascertainable from the Technical Analysis subjects that he presented in his own books and booklets. It is to the credit of both authors that they recognized just how valuable to investors and traders the Point and Figure method could be and that they saw fit to produce this fascinating work on a subject that in its essence is just putting small "Xs" on graph paper. But how to put them to graph paper and how to read their meanings is what can separate the trading and investing boys from the trading and investing men. Surveying all of the writings that have been published over the years, we find there have been and are a number of good, very good and excellent books on the Point and Figure methodology and its star attributes. However, every once in a while someone comes along and writes what is easily the seminal work, the finest on its particular subject. Some 65 years later we can attest to the fact that Victor DeVilliers and Owen Taylor rule the roost on their chosen subject with the two volumes republished here, which taken together, have to be considered the ultimate - "The Bible of Point and Figure Charting."

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Produktdetails

• Verlag: Harriman House Ltd
• Seitenzahl: 308
• Erscheinungstermin: 7. April 2007
• Englisch
• Abmessung: 297mm x 210mm x 17mm
• Gewicht: 804g
• ISBN-13: 9781905641529
• ISBN-10: 1905641524
• Artikelnr.: 22823655

Autorenporträt

Victor DeVilliers andOwen Taylor

Inhaltsangabe

Preface to First Edition Introduction to First Edition 1 THE PRINCIPLES OF
THE POINT AND FIGURE METHOD Logic is the basis of this Method Irrelevant
fluctuations eliminated How the Method got its name Graphs are logical and
scientific Introductory summary of important principles Needed accessories
are few Plotting a stock price movement One point charts the basis of the
Method Accessories and working tools 2 THE WEIGHT OF AUTHORITY BEHIND THIS
METHOD Refined to coordinate with present day markets Mystery and
complications have been clarified Expensive financial and economic reports
unnecessary Certain factors taken for granted Analytical technique easy to
master Losses limited while profits accrue Method weighs forces of buying
and selling 3 ADVANTAGES OF THIS METHOD OVER OTHERS Speed and ease of
recording data The Method ignores volume Price changes versus volume Supply
versus demand Volume easily manipulated Facility of this method The utter
simplicity of the records Manipulation readily detected Use all full figure
changes in making charts Method is superior to inside information Isolation
develops best results Our charts reveal plans of the majority How the move
begins Stock market trading is a business Inside information unnecessary
One point charts show all 4 THE VITAL POINTS Vital point I - recording full
figure changes Vital point Il - only full figure changes Vital point III -
suitable graph paper Vital point IV - use of horizontal and vertical
columns Vital point V - trend reversals Vital point VI - only one symbol to
a square Vital point VII - move over diagonally Vital point VIII - skip no
squares Vital point IX - formation of congestion area Vital point X - the
full fulcrum Vital point XI - first buying point Vital point XII - the
catapult Vital point XIII - secondary buying point Vital point XIV - the
semi-catapult Vital point XV - third buying point Vital point XVI - watch
for distribution Vital point XVII - trend lines Vital point XVIII -
forecasting the extent of the move 5 APPROVED METHOD OF ASSEMBLING AND
MAINTAINING PROPER DATA The ticker tape Source of all data Daily full
figure fluctuations available Method ideal for those at distant points
Application of the data How to prepare and collate the needed data Proper
graph paper helpful Arrange charts orderly How to select the issues to
record Clarifying the use of the symbols Moving to next vertical column Use
of symbol "O?? One cardinal principle Gaps are not recorded How the gap
occurs Plotting the gap The one point chart The three point and five point
charts Condensing the one point moves Other helpful aids The method
substitutes for tape reading Trend outline and geometrical charts The
proper issues to chart Commodity price movements 6 THE SCIENTIFIC
FUNDAMENTALS The fulcrum Leverage Watch for a fulcrum The ideal full
fulcrum Down trend a prerequisite to fulcrum formation Supply equals demand
Advantage of figure charts The buying points The broad fulcrum The recoil
fulcrum The catapult The true catapult The false catapult The semi catapult
Use "stops" to protect position 7 THE PRINCIPLES OF CHARTING The one point
chart Move to next column signs of a fulcrum Technical aids The three point
chart Determining three point moves The use of five point charts 8
ANALYZING TECHNICAL POSITION The price path characteristics Patterns of the
leaders duplicated in the secondary issues Solid formations give confidence
Watch for changes in activity Strong and weak technical position Weak
technical position Gauging the length and culmination of the moves The
count Coordinating your studies 9 ANTICIPATING THE ACTION OF U.S. STEEL The
full ideal fulcrum The catapult position The semi-catapult position
Consolidating the gains The final mark up The end of the move - a reverse
fulcrum The short positions Geometrical charts The trend outline charts The
three point figure charts The five point charts Summary 10 ANALYZING A
CAMPAIGN IN WESTERN UNION Selecting the fast moving issues The full fulcrum
base The catapult The semi-catapults The short positions Summary 11 JUDGING
THE MINOR SWINGS The half hourly index of the Dow Jones Industrials The
half point half hourly log Half point technique Scientific tape reading
Analyzing the half point chart Ignore rumors and gossip Summary 12 HALF
POINT TECHNIQUE IN ATLAS TACK Historical background Analyzing the campaign
in Atlas Tack Important signal during July break The first caution signal
Board room observations The shorts began to cover Point and Figure analysis
13 THE MAIN TREND AND MAJOR CYCLE CULMINATIONS Critical culmination points
easily detected The one point chart - the basis for analysis Interpreting
an intricate major culmination The first temporary top Semi-catapult point
- unusually bullish pattern Strength carries through objective level The
change over of technical action The top of the move clearly indicated
Indications of a major culmination Bear trend technical action The investor
or long term trader 14 TECHNICAL INDICATIONS AT A TURNING POINT The change
to an up trend The change to a down trend Conclusion VOLUME 2 ADVANCED
THEORY AND PRACTICE OF THE POINT AND FIGURE METHOD 1 PREREQUISITES TO
SUCCESSFUL TRADING Develop proper mental approach The value of isolation
Proper and adequate physical equipment Technical knowledge and equipment
The Importance of selective data Tape watching or active trading 2 BASIC
PRINCIPLES - THEIR APPLICATION Basic principles underlying this method The
trading range - accumulation The fulcrum The mark up Distribution The trend
line For long term main trend operations Plotting the trend line Technical
position Determining the technical position of the market position through
the use of the five dominant positions Resume 3 CHART FORMATIONS INDICATED
THE INCEPTION OF A MOVE The value of charts One cardinal principal which
must be understood A necessary premise Wait for signs of accumulation or
distribution What to look for Await previous support How the move begins
Establishing a long position A practical example Dead center The use of the
stop Ultra-conservitism 4 RECURRING OPPORTUNITIES DURING THE MOVE Study
creates skill Recognizing opportunities Dividend absorbed A long position
established "on stop?? Judging the move Confirmation of the move A critical
analysis of trading zones How to plot new trend lines 5 THE ONE POINT
CATAPULT AND SEMI-CATAPULT Strong signals Illustrations of catapult and
semi-catapult patterns Broad fulcrum desirable Catapult and semi-catapult
not the same as the conventional "new high?? Tracing a move in DuPont The
ladle formation Confirmation How to analyze the trend Watch the trend line
and use stops 6 GAUGING THE VOLATILE ISSUES A fast mover An unusual and
unique device Individual characteristics often repeated Long positions
Consolidation zone Three point summaries should be consulted 7 HOW TO
RECOGNIZE ADDITIONAL OPPORTUNITIES INVOLATILE STOCKS Low priced stockS
Avoid guesswork Erratic stocks not dangerous Consider the unexpected
Conservation pays The importance of dividends, extras, and rights Watch
"ex-dividend" dates Limit losses let profits accrue Continually analyze the
formations 8 CULMINATION, LIQUIDATION, PROFIT TAKING, AND THE SHORT SIDE
When to take your profits One point signals on the short side The reaction
pattern in ACF Signal for the short side Watch for signs of absorption The
inverse catapult Signals for short and long positions Analyzing a stock for
technical position Signs of culmination 9 THE THREE POINT CHART How to
prepare the three point chart Averages a confirmation Watch for the balance
of forces The importance of seasonal trend Three point analysis 10
COORDINATING THE ONE POINT WITH THE THREE POINT CHARTS Three point chart a
check on the one point chart Illustrations of coordination Inside
accumulation Manipulator's campaign The manipulator's methods The false
start Pool switches to short side 11 THE COUNT - GAUGING THE EXTENT OF
FUTURE MOVES The theory underlying the count The count not an exact science
Horizontal formation may disclose the extent of the move The principle of
"the count" The one point count The forecast Anticipating the next move
Additional charts for study The count by three points A new point for a
forecast Accuracy of the count A three point test for future market action
Cumulative implications more reliable