The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method: Amazon.co.uk: Jeremy du Plessis: Books

Review

"Rarely does a book live up to its claim of being the 'definitive' guide to something. Jeremy du Plessis' new book lives up that claim and more. It's almost impossible to imagine a more definitive treatment of point and figure charting. The author pays homage to its early development and the pioneers who first wrote about it. He gives extensive coverage to the original 1-point reversal method before moving on to the more modern methods. The subject is examined from every conceivable angle. I'm not aware of anyone who has even attempted to combine p&f charting with so many modern technical indicators. I expect that du Plessis' book will not only become the definitive book on point and figure, but will also become a classic in the field of technical analysis." John Murphy CMT, Author of Technical Analysis of the Financial Markets "A superbly comprehensive book on this powerful technique from one of the world's leading experts on the subject. A must read for all serious technicians and investors." Adam Sorab, Chairman - UK Society of Technical Analysts "If you had to go to a desert island and were only allowed to take one investment tool with you, then it should be the Point and Figure chart. If you were also allowed to take only one book, other than the Bible and the works of Shakespeare, then make it this Definitive Guide by Jeremy du Plessis. The whole subject is covered from its early historical beginnings as a way of noting the noise of the ticker tape in the days of Charles Dow, then called the Book method, through its evolution to become the 'Voice of the market'. How to construct and use the charts and their unequivocally clear buy and sell signals, revelation of trend, reversal, support and resistance levels are all revealed and well illustrated. The subject is explained as an evidence gathering procedure, that leads to a successful trading method, with accurate entry, stop loss, and targets. It is also brought right up to date with with some new thinking involving indicators such as OBV, Bollinger bands, and parabolic stop and reverse signals. You will have such a great time working through it on your desert island that you might not want to come home." Robin Griffiths FSTA, Head of Asset Allocation, Rathbone Investment Management "Even though point and figure charting is 120 years old, Mr. du Plessis has brought a truly fresh and authoritative approach to a subject that is central to technical analysis. Bravo!" Bruce M. Kamich, CMT, Adjunct Professor of Finance at Baruch College, Past President of the Market Technicians Association "Not only does Mr. du Plessis plumb the history and elucidate the present state of point and figure analysis, he looks at a craft many regard as passe and sees a vibrant future. This eye-opener is a welcome addition to the literature of technical analysis." John Bollinger, CFA, CMT, President, Bollinger Capital Management

Product Description

Point and Figure charts are one of the great secrets of the Technical Analysis world. Highly sophisticated and with a thoroughbred pedigree, they can, however, be overlooked by traders today. This should change with the long-awaited publication of this book. Jeremy du Plessis - one of the foremost Point and Figure experts in the world - has written what can truly be described as the definitive guide to the topic. For the first time this book thoroughly demystifies the world of Point and Figure charting, with a detailed explanation of the history and development of the technique from its invention to the modern day. This book covers the makeup of the chart patterns, why they are created, and their interpretation. Throughout, readers are encouraged to understand Point and Figure charts from first principles, rather than just remember the names of a series of patterns. It is the first major work for 50 years to discuss in depth the original 1-box reversal method of Point and Figure charting and contrast it with the more popular 3-box reversal method. Further, the explanation of how to use Point and Figure charts to project targets and calculate risk-reward ratios is the most comprehensive ever seen. Also covered in detail are: a step-by-step analysis of the FTSE 100 Index using the 3-box method, as well as the NASDAQ Composite Index using the 1-box method; a detailed discussion of optimising techniques; Point and Figure's contribution to market breadth with bullish percent; and, lesser known, more advanced techniques such as the use of moving averages, parabolic SAR and Bollinger Bands on Point and Figure charts. All this is illustrated with numerous colour charts and observations from years of trading experience. According to du Plessis, Point and Figure charts are the 'voice of the market'. This book helps you listen to, and understand, that voice.

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22 of 22 people found the following review helpful

Good but heavy 14 Sep 2005

By "charlesholmes5"

Format:Hardcover

I bought the book elsewhere, but I thought this review would help others.

The book is very good but it's long and therefore heavy to hold.
You have to be seated at a table to read it.

The explanations are good but I think there are too many examples. I do like the use of colour though. The quality is good and I suppose justifies the price.

I have 3 other point and figure books and this is the best by far because it covers more. There are some new ideas like moving averages and risk ratios which appear to be very good.

The price projections are eerily accurate.

I like the fact that its a british book so the charts are London charts.

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12 of 12 people found the following review helpful

An outstanding work 5 Sep 2005

By jackmackenzie

I didn't think 450 pages on point & figure was possible until I read this book. It is quite the best I have read on the subject. I like the detailed approach and flowing style. There are hundreds of examples with diagrams and charts (in colour !!), each described in great detail. It has completely changed the way I look at these charts now. There are techniques like parabolic lines and moving averages on point and figure charts I have never heard of before. It's a must for anyone who wants to use charts in particular point and figure charts for investing. Bravo!

8 of 8 people found the following review helpful

A second reading confirms its status 19 Dec 2005

By Jim McKay

I have completed a second reading of this excellent book. It confirms what I said below. It's an outstanding book and highly recommended. The author writes in a way that makes it so easy to understand this complex technique. Each word and sentence makes it clearer. The sections on trend lines and how to draw them, also price targets are eye openers. It has made a big difference to my trading and investing. It is the best charting book I have ever read.