Rating: 
Summary: Essential - no kidding
Review: Tom Dorsey's book provides the most important elements in learning Point & Figure (P&F) Charting, also known as Dow Theory. Yes, fundamental analysis is important in determing what stock to buy (or short), but P&F tells one *when* to buy or not, and provides the probablity of a certain gain or loss based on certain patterns. Dorsey also applies the same methods to chart technical attributes of the entire market as well as sectors, making the salient point that sector and market trends are responsible for 80% of moves in a particular stock's price. P&F is a much more useful theory in today's age - it's not graph paper like once upon a time - though with Dorsey's clear and thorough explanation of techniques one could perform it by hand either daily or via readily available data. After reading Dorsey's first edition and observing the market I wouldn't touch a stock without consulting or constructing the P&F chart. The second edition builds on the first. Highly recommended!
Rating:
Summary: Essential - no kidding
Review: Tom Dorsey's book provides the most important elements in learning Point & Figure (P&F) Charting, also known as Dow Theory. Yes, fundamental analysis is important in determing what stock to buy (or short), but P&F tells one *when* to buy or not, and provides the probablity of a certain gain or loss based on certain patterns. Dorsey also applies the same methods to chart technical attributes of the entire market as well as sectors, making the salient point that sector and market trends are responsible for 80% of moves in a particular stock's price. P&F is a much more useful theory in today's age - it's not graph paper like once upon a time - though with Dorsey's clear and thorough explanation of techniques one could perform it by hand either daily or via readily available data. After reading Dorsey's first edition and observing the market I wouldn't touch a stock without consulting or constructing the P&F chart. The second edition builds on the first. Highly recommended!
Rating:
Summary: John Doe finally has a Plan to follow
Review: Tom Dorsey's book speaks to the rest of us. Those of us who have been dazzled and confused with the so-called professional's version of the stock market now have a sound plan with which to invest in our futures. Mr. Dorsey speaks in terms that are easily understood by the average investor. Point & Figure Analysis is a comfortable and understandable approach in this day of candles, tea leaves, UFO's and all the other disciplines that the Professionals attempt to confuse and bewilder us with. Let's face it, if supply and demand are the True indicators of market direction, why do we need all the big boys to sell us their "stock of the day" with their fat commissions. Mr. Dorsey's book instills the kind of confidence in the reader that comes when you know what to do and when to do it. He keeps it simple and you feel as if an endearing uncle is sharing his life's worth of learning and discovery with you. The various market indicators are explained thoroughly, giving us an understanding of the probabilities of success or failure with each and every trade or position we hold. Not losing money and/or limiting losses is just as rewarding as making money, perhaps even more so, and knowing when to bail out of a position is very enlightening. I highly recommend this book as it has changed the way I view the market and my goals and understanding of it's movement and trends. Since learning Point & Figure charting from Mr. Dorsey's book, I could not imagine entering a position without this knowledge. Not knowing about the NYSEBP (NYSE bullish percentage) would be like driving in a downpour without windshield wipers. Read it--You just might be on to something BIG!
Rating:
Summary: A must for Individual Investors and Professionals
Review: With a plethora of investment books circulating the world these days, finding a book that simply described supply and demand and trading techniques was a God send. Tom Dorsey's book "Point and Figure Charting" was like a breath of fresh air. I quickly understood how supply and demand worked and how stocks were influenced by market risk and direction. I had been operating under the impression that stocks moved on their own, an impression that proved wrong and that was reflected painfully in my portfolio. Point and Figure Charting is in itself very "user friendly". Tom Dorsey presents it in such a way that the average investor can understand and easily grasp the Point and Figure Charting concept. At no time did I feel it was over my head or that I'd never understand the concept. By the time I finished the book, I understood how the market worked. I keep the book by my side constantly and refer to it as an investment bible. The chapter on the Point and Figure indicators alone is invaluable. Once you know where the market is going, the real market not the Dow, it makes selecting stocks incredibly easy. My trading and portfolio averages have increased over 50% by reading this book and by applying everything I've learned. It may be too much to say I've found the Holy Grail in investing with Tom Dorsey's book....but I have proof in my portfolio and for me, that is all I need. Thank you Tom!
Rating:
Summary: A must for Individual Investors and Professionals
Review: With a plethora of investment books circulating the world these days, finding a book that simply described supply and demand and trading techniques was a God send. Tom Dorsey's book "Point and Figure Charting" was like a breath of fresh air. I quickly understood how supply and demand worked and how stocks were influenced by market risk and direction. I had been operating under the impression that stocks moved on their own, an impression that proved wrong and that was reflected painfully in my portfolio. Point and Figure Charting is in itself very "user friendly". Tom Dorsey presents it in such a way that the average investor can understand and easily grasp the Point and Figure Charting concept. At no time did I feel it was over my head or that I'd never understand the concept. By the time I finished the book, I understood how the market worked. I keep the book by my side constantly and refer to it as an investment bible. The chapter on the Point and Figure indicators alone is invaluable. Once you know where the market is going, the real market not the Dow, it makes selecting stocks incredibly easy. My trading and portfolio averages have increased over 50% by reading this book and by applying everything I've learned. It may be too much to say I've found the Holy Grail in investing with Tom Dorsey's book....but I have proof in my portfolio and for me, that is all I need. Thank you Tom!
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