DeVilliers & Taylor on point and figure charting

In 1885 Charles S Dow, founder of the Wall Street Journal, began studying the phenomena of stock market movements. His writings are the beginnings of all price movement commentary, the foundation for all technical methods, and his graphic records are the seed from which the Point and Figure method grew. Dow's research showed a clear illustration of price movements portrayed through the use of figures. The establishment of repetitious patterns initiated the beginnings of a truly scientific and logical method of anticipating stock price movements. The Point and Figure method records by figures all full point changes and, in turn, can be used to plot and record the movements of individual stocks and the market in general, without being misled by the ebb and flow of smaller irregularities. The pattern portrayed on the charts will highlight when buying is overcoming selling and vice versa, allowing the trader to act correspondingly, and increase their profits.

DeVilliers & Taylor on Point and Figure Charting is the original masterpiece on this respected method. It not only explains how to plot stock movements but, more importantly, it outlines how to analyze the findings and take appropriate action. This great work bas been lost to the trading world for many years but has now been re-published to allow traders, investors, fund managers, and finance students access to one of the simplest methods of technical analysis. Point and Figure Charting is as valid and effectual a method as it was a hundred years ago. Its benefits have not faded with time, nor will they. DeVilliers & Taylor on Point and Figure Charting places this wisdom back into the hands of traders worldwide, for time immemorial.

DeVilliers and Taylor were both acknowledged stock and commodity market analysts. It is to their credit that they recognized just how valuable to investors and traders the Point and Figure method could be. To this end they saw fit to produce this fascinating work on a subject that is, at its basest level, hale more than analysing small 'xs' placed on graph paper. However, to merely mark point changes does not differentiate the worthy from the wrong, and the authors went to great lengths to provide the reader with methods with which to analyze patterns and then act accordingly. While Taylor possessed the greater understanding of the technical aspects of market analysis, DeVilliers had the ability to write about technical subjects with a lightness of hand and a style that not only informed but also engaged the reader. Between them, a winning partnership was born.

The accessibility of the writing, wrapped up in an enthusiastic attention to detail, ensures that even today this remains the seminal work on Point and Figure charting.