Sidebar: Point & Figure Technique by Eugene Steele
POINT & FIGURE TECHNIQUE
Point & figure charting is a technical trading approach that has been credited to Charles Dow, originator of the Dow theory. This technique differs from bar charting in that price reversals below a minimum size are eliminated and time is not a factor (it may be listed as only a frame of reference). Any market or indicator can be plotted using this technique; we use a stock for our example.