Comments on: Point and Figure Charts

By: Eric

Eric — Tue, 30 Jun 2009 14:39:14 +0000

Hi Chris, thanks for the tip about using P&F charts. I’ve been using Bill O’Neil’s CANSLIM but using that in combination with P&F has improved my timing immensely. I’ve been trying to find the books — none were at my local bookstore. Was wondering if you used any of the other bullish patterns mentioned at sites like stockcharts.com, and how come you don’t also use the double top breakout formation. Also, do you think an ascending triple top or ascending quadruple top is a better/worse indicator than the non-ascending patterns? Thanks again,
Eric
Phoenix AZ

By: Chris

Chris — Tue, 07 Apr 2009 01:20:44 +0000

Point and figure are the best for spotting support and resistance.

By: Forex Point and Figure

Forex Point and Figure — Fri, 03 Apr 2009 23:44:37 +0000

Nice to see Point and Figure charts are still used. I have discovered them a few months ago and since that time, I removed all other charts and indicators.

That’s been the best decision ever for my trading.

But I am only trading forex so far. But I might add CFDs on stocks in the next weeks, too.

By: TraderRich

TraderRich — Sun, 22 Mar 2009 15:00:23 +0000

Hello Chris,

The Quadruple Top Breakout for FDS is more like a Pentuple Top Breakout for me.

I also write some posts about applying point and figure charts to forex trading. You might want to take a look at my blog: The Art of Speculation

http://traderrich.blogspot.com

Nice job

Rich

By: joe

joe — Thu, 28 Feb 2008 21:51:08 +0000

chrisperruna,

thanks for the info. i’m starting to learn p&f charting. was wondering if you could give me a walkthrough of exactly what you do when you recieve a good p&f signal from start to the actual decision making process to enter a position in the stock.

thanks,
joe

By: Craig

Craig — Wed, 27 Feb 2008 18:47:21 +0000

P&F charts can lead to differing results when you compare daily to weekly charting. Is weekly charting an incorrect use of P&F, or does this point to a longer-term trend for the stock. For example, compare a (bullish) daily P&F for GOOG:
http://stockcharts.com/def/servlet/SC.pnf?chart=GOOG,PHTBDANRBRPAD20080224F1!3!!!2!20]&pref=G

against a (bearish) weekly P&F for GOOG:
http://stockcharts.com/def/servlet/SC.pnf?chart=GOOG,PHTBWANRBRPAD20080224F1!3!!!2!20]&pref=G

By: chrisperruna.com » Blog Archive » Is Big Blue Back (IBM)

chrisperruna.com » Blog Archive » Is Big Blue Back (IBM) — Wed, 27 Feb 2008 13:32:40 +0000

[...] IBM closed at $114.38 Tuesday night, a 5.84% gain on volume 98% larger than the average. The stock crossed back above the 40-week (200-d) moving average while also jumping back above the shorter term 50-d moving average. An ascending triple top breakout has also flashed on the point and figure chart. [...]

By: Paula

Paula — Fri, 09 Nov 2007 01:12:18 +0000

Thanks for the timely post Chris. I had point and figure charts on my list of things to brush up on. I still need to do more work/study but your post was very clear and took away some of the confusion I had about them.

I have been following your website since The Kirk Report mentioned you. I also check on your charts at stockcharts.com. Great site and thanks for sharing all that you do!

Paula

By: Gav

Gav — Wed, 07 Nov 2007 10:37:30 +0000

Nice post chris. I am trying to learn a little more about P&F chart, and your post is definitely helpful.

Gav.

By: Malcolm Buchanan

Malcolm Buchanan — Tue, 06 Nov 2007 16:05:08 +0000

Without reasonable volume your tiple top breakout could be a bull trap.