Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices, 2nd Edition

Rating:
Summary: Make better use of your time someplace else
Review: If you want to get something out of PnF charting and you have internet access go to StockCharts.com and get an education. Buy this if you want a carry around reference or something on your bookshelf that other people can look at and know the truth about your investing prowess.

Rating:
Summary: Make better use of your time someplace else
Review: If you want to get something out of PnF charting and you have internet access go to StockCharts.com and get an education. Buy this if you want a carry around reference or something on your bookshelf that other people can look at and know the truth about your investing prowess.

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Summary: This is a worthless book
Review: It stunk. It was unclear and a waste of money. Don't buy it.

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Summary: Unbelievable...! It works..!
Review: It's just great. It works. It's very easy to understand P&F, tom explained it very well. And right from start you can use this thchniques to analyse your stocks.

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Summary: Point and Figure Charting by Thomas Dorsey
Review: Like many other people, in the last 15 years I made a pile of money only to give it all back. Clearly, the odds of winning were stacked against me. I neglected to study business in my college career so I decided to read up as on equity analysis. I've been through 30 plus highly-rated books and thousands of magazines and web sites, and Dorsey is at the top. His books are well written and understandable; his tools and methods are the best.
His method is based on supply and demand. If institutions and individual investors favor the stock or sector, the demand will cause the price to rise; if they disfavor the stock or sector, the supply of stock to sell will outweigh the demand and the price will sink. He charts the supply and demand tug of war for stocks, funds, sectors and the market. You can find a stock chart and fundamental data anywhere. He gives you comprehensive and powerful tools no one else has.
I took advantage of the 3 week free trial to his website, and reviewed the archives of their "from the analyst" daily market report. They do get you into and out of the market and sectors in a timely fashion. Last year, in May 2001, they explained to their clients that the market was overbought and due for a correction. They would have had you out until September 24th, when they told you the market was extremely oversold to a degree only seen 14 times since 1955. Dorsey's tools and methods give you the courage to buy at bottoms and sell near tops.
Dorsey and crew follow a top-down approach: market, sector, fundamentals, and technicals. He tells you to build a watch list of fundamentally sound stocks, then wait until the time is right to buy (and sell). I am truly surprised that more people have not heard of him. I think the deep-seated bias against technical analysis is the reason. Dorsey does not skip the fundamentals, he joins them to the technical picture of supply and demand, and overbought and oversold levels, to help you stack the odds in your favor.
My highest recommendation is this: I bought this book for my dear old dad. He cannot afford to take another financial hit, and I think Dorsey's analysis and tools will help him.

Rating:
Summary: Point and Figure Charting by Thomas Dorsey
Review: Like many other people, in the last 15 years I made a pile of money only to give it all back. Clearly, the odds of winning were stacked against me. I neglected to study business in my college career so I decided to read up as on equity analysis. I've been through 30 plus highly-rated books and thousands of magazines and web sites, and Dorsey is at the top. His books are well written and understandable; his tools and methods are the best.
His method is based on supply and demand. If institutions and individual investors favor the stock or sector, the demand will cause the price to rise; if they disfavor the stock or sector, the supply of stock to sell will outweigh the demand and the price will sink. He charts the supply and demand tug of war for stocks, funds, sectors and the market. You can find a stock chart and fundamental data anywhere. He gives you comprehensive and powerful tools no one else has.
I took advantage of the 3 week free trial to his website, and reviewed the archives of their "from the analyst" daily market report. They do get you into and out of the market and sectors in a timely fashion. Last year, in May 2001, they explained to their clients that the market was overbought and due for a correction. They would have had you out until September 24th, when they told you the market was extremely oversold to a degree only seen 14 times since 1955. Dorsey's tools and methods give you the courage to buy at bottoms and sell near tops.
Dorsey and crew follow a top-down approach: market, sector, fundamentals, and technicals. He tells you to build a watch list of fundamentally sound stocks, then wait until the time is right to buy (and sell). I am truly surprised that more people have not heard of him. I think the deep-seated bias against technical analysis is the reason. Dorsey does not skip the fundamentals, he joins them to the technical picture of supply and demand, and overbought and oversold levels, to help you stack the odds in your favor.
My highest recommendation is this: I bought this book for my dear old dad. He cannot afford to take another financial hit, and I think Dorsey's analysis and tools will help him.

Rating:
Summary: Stock market clarity thru simplicity and time-proven methods
Review: Mr. Dorsey has given us clarity in an otherwise confused world of information overload. Not only do his methods work (for equities, funds or options); he succeeds in letting his generous personality shine through as well. This guy eats and sleeps this stuff - I know, as a subscriber of his outstanding website. His message is so compelling, it has at times tempted me to enter the brokerage business to better spread the word of how powerful point & figure truly is. My hope is he now writes a book on sector fund investing using point & figure.

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Summary: Too Hard to Read, Concepts Available Elsewhere
Review: Mr. Dorsey is a talented financial analyst and amateur weightlifter when he was younger BUT, he is not a good writer (this has been confirmed in my personal correspondence with Mr. Dorsey) and this book cries out for thorough editing. One can learn Point and Figure charting for free at the dorseywright dot com web site (just look for the point n figure university link at the bottom of the home page). Dorsey knows his stuff but the more easily bored one is, the more one will find this book aimless and boring. Point and Figure is superior to bar and candlestick charts because it records meaningful market movement while ignoring the small stuff. Another Point and Figure book, published in the 1930s by de Viller (?), is also very hard to read and not worthy of buying. Let's hope Mr Dorsey, a great guy and always terrific on CNBC, will get this book re-edited and whittled down to about 175 pages. Learn it for free at his website and order "Chart Reading Made Easy" by John Murphy to quickly and economically learn technical analysis.

Rating:
Summary: Horribly written
Review: One has to wonder if the glowing reviews for this book are the compositions of Mr. Dorsey's friends and employees. Whatever the merits of the content of this book - and there are, I believe, real merits to point and figure charting and analysis - Mr. Dorsey's profoundly muddled and unorganized presentation of that content leaves the reader irritated and confused. Mr. Dorsey, frankly, is an embarassment as an author. That said, for the patient reader capable of plugging the many gaps in Mr. Dorsey's thinking there is a fair amount of good information here. Unsuprisingly, virtually all of it is borrowed form other sources, which is fine enough, but raises the question of why Mr. Dorsey was chosen to write this book. Whatever the answer, it clearly had nothing to do with his communication skills.

Rating:
Summary: Provides a Solid Market Snapshot
Review: One of the toughest jobs every trader faces is accurately identifying solid support and resistance. This book clearly solves the problem of identifying reliable buy and sell signals that represent the big picture of longer term trend rather than short term noise.