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Testing point & figure chart patterns

  • By Michael J. Carr, CMT,
  • Stocks and Commodities Magazine
  • Technical Patterns
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Point & figure (P&F) charts have been used by market technicians for more than a century. These charts were used by Charles Henry Dow in the late 1800s, and the first detailed explanation of this technique was published by Victor deVilliers in 1933. DeVilliers’ book, The Point & Figure Method Of Anticipating Stock Price Movements, preceded the classical text for interpreting the more popular bar chart, Robert Edwards and John Magee’s Technical Analysis Of Stock Trends, by 15 years. Read on to learn more...

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Article copyright 2012 by Technical Analysis Inc. Reprinted from the September 2008 issue with permission from Stocks & Commodities Magazine.
The statements and opinions expressed in this article are those of the author. Fidelity Investments cannot guarantee the accuracy or completeness of any statements or data.
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