Point-&-Figure-Charts are one of the oldest and yet most misunderstood charting methods. Developed in the 19th century by stock market professionals such as Charles Dow and later systematized by Arthur Merrill and Tom Dorsey, P&F charts show exclusively price movements — without a time axis. A P&F chart ignores every day without meaningful movement. It records only what the market actually does.
The result: P&F charts have less noise than any other charting method. Short-term spikes that look like significant events in candlestick charts simply disappear in P&F — because they do not reach the box size.
The Five Modules of This Chapter
| Module | Topic |
|---|---|
| 12.1 | Fundamentals — Box size, reversal, history |
| 12.2 | Reading the chart — X/O columns, signals, trend lines |
| 12.3 | Pattern catalog — 15 patterns in 4 categories |
| 12.4 | Price targets & practice — Vertical + Horizontal Count |
| 12.5 | Market breadth — BPI, BPNYA, sector rotation + quiz |