Table of Contents The Trader's Masterclass Series. Editor's Introduction.
1. The Point and Figure Method of Anticipating Stock Price Movements. Preface to the First Edition. Introduction to the 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 Weights 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 PointCharts Show All. 4. The Vital Points.
Vital Point I-Recording Full Figure Changes. Vital Point II-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 Extend of the Move. 5. Approved Method of Assembling and Maintaining Proper Data.
The Ticker Tape. Source of all Data. Daily Full Figure Fluctuations available. Kmethod 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 "0". 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. 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. 8. Analyzing Technical Position.
The Price Path Charateristics. 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. Anticiplating the Action of U.S. Steel.
The Full Ideal Fulcrum. The Catapult Position. The semi-Catapult Position. Consolidating theGains. The final MarkUP. 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 Teporary Top. Semi-Catapult Point-Unusually Bullish Pattern. Strength Carries Through Objective Level. The Change Over of Technical Action. The Tlop 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 II. 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 Physi8cal 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 Through the Use of the Five Dominant Positions. Resume. 3. Chart Formations Indicated the Inception of a Move.
The Value of Charts. One Cardinal Principle 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-conservatism. 4. Recurring Opportunities During the Move.
Study Creates Skill. Recognizing Opportunities. Dividend Absorbed. A Long Position Established "On Stop". Judging the Move. Confirming 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". Tracinng 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 in Volatile Stocks.
Low Priced Stocks. Avoid Guesswork. Erratic Stocks Not Dangerous. Consider the Unexpe cted. Conservation Pays. The Importance of Dividends, Extras, and Rights. Watch "Ex-divident" 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 an dLong 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 Fores. 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. A New Angle on Narrow Fluctuations. 11. The Count-Gauging the Extend of Future Moves.
The Theory Underlying the Count. The count Not an Exact Science. Horizontal Formatqion May Disclose the Extent of the Move. The Principles of "the Count. The One Point Count. The Forcast. Anticipating the Next Move. Additional Charts for Study. The Count by Three Points. A New Pooiht for a Forecast. Accuracy of the Count. A Three Point Test for Future Market Action. Cumulative Implicatqions More Reliable. Conclusion. Index.