Education > Charts & Indicators > Point & Fgure Charting > P & F Charting Principles

Point & Figure Charting Principles

Charles H. Dow, the founder of Dow Jones & Co., and one of the most successful investors in history, started this charting methodology in the late 1800’s.
It is based on the basic law of economics, supply & demand. Provides you the ability to recognize the supply and demand relationship of individual stocks, industry sectors, and of the overall market.
It eliminates as much guesswork and emotional influence as possible providing you consistency in your investment decision making.
Point & figure charts create patterns or figures that are easily recognized and are definite, reducing subjective interpretation that occurs in many other types of charts.
The method focuses solely on price movements and the probability of future price movements based on current supply demand relationships. It ignores the media, Wall Street research, and reasons for price movements.
Provides you the ability to make confident buy and sell decisions. It is a well-rounded discipline desperately needed during secular bear markets.