Welcome to EV's point and figures. This blog is dedicated to the use of point and figure charts in technical analysis.

Although P&F first appeared in charts in the 1930's, it is an often overlooked techique for analysing stocks and charts. A poor relation compared to line and bar charts and their range of momentum indicators. Yet few charts provide a clearer picture of the daily battle between bulls and bears for market control.

Like most methods, it should not be used in isolation. It should form part of an analysts 'tool box' and be used with other techniques to help form an overall view.

The charts that appear on this blog and any accompanying comments are purely for information purposes only - my own personal take on where the prices may be heading. They do not constitute investment advice.

Thursday, December 2, 2010

FTSE 100 - update

A swift 200 point reversal in the last 2 days has wrecked the double bottom sell signal - bummer! The 5,050 price objective is no more. No obvious targets in either direction from here -will have to see how things pan out over the next few days, specifically the Irish Goverment's vote on its austerity budget on 7th Dec.

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