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.

Friday, December 14, 2012

Apple

 
Those earlier targets off the top were met, but the shares found support at the 510 level. There is a target to the downside of 380 that has been activated (as resolved by that traingle which eventually broke to the downside -the red coloured 'o's) but it would be more persuasive if Apple were to take out this 510 box, the level where it previously found support
 
 
 
 
 

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