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.

Tuesday, October 4, 2011


Initial support at 32.5 and now at the higher 40. The move through 57.5 activated that target to the upside of 85. It could be achieved in one single column but noting the previous reversal at 67.5 (from that high column of X's off the bottom), we may see a three box reversal to the downside first. Needs keeping an eye on to see how the pattern develops, but 85 is the target.

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