de Villiers and Taylor on Point and Figure Charting (Paperback)

by Victor Devilliers (Author), Owen Taylor (Author)

(Prentice Hall, Pearson Education) The original published work on the Point and Figure method of stock market analysis, republished for traders and investors. Based on the research of Charles S. Dow, the founder of the Wall Street Journal. --This text refers to an out of print or unavailable edition of this title.

From the Inside Flap

Experiences of the recent bear market which had its termination in July 1932 caused many former investors and traders to turn to the literature of economics and market technique in order to get a better understanding of the principles underlying stock price movements. Many have come to realize the futility of depending upon tips, rumors, and gossip to guide them in their market commitments. Countless others have come to the conclusion that statistics and fundamentals serve only to aid the manipulators, banking sponsors and insiders to unload their stock on the unwary.

All will agree that a correct analysis of the technical position of stocks and the market in general is the only key to consistent profit from speculative and trading commitments.

Until the publication of the original edition of this work, it was the privilege of the few who made fortunes from speculation to have the advantage of this, the most logical and pragmatical of al methods used for the purpose of plotting the price course of stocks and commodities. This Method has been the keystone and bulwark of the plans of America's most successful speculators and commentators, from Charles Henry Dow, the father of art of anticipating stock price movements, down to and including those who have profited most during 1929 and subsequently.

We offer you the principles of this tried and proven Method because we feel that a broad dissemination of this information will do much to prevent the excesses of bull market peaks and also help avoid the unreasonable deflation of values, as well as the vicious cycles of forced selling and the resultant suffering of depression lows which so surely must follow.

We desire to express our appreciation to Mr. J. Martiney of the publisher's technical staff for the many helpful suggestions given and his care in the preparation of the charts used in this work.