Point-and-Figure Charts
You know what point-and-figure charts look like: an elongated version of tic-tac-toe. Yet, they provide another means of determining a trend. In fact, their advantage over a bar chart is the specific buy and sell signals — no personal interpretation is needed.
The pork belly chart is shown for the same time period in both bar chart and point-and-figure form. The differences in appearance are striking. This is due mainly to the lack of a time scale on the point-and-figure chart. Time is irrelevant; price movements are charted only when they occur. On days when no new high or low is made, no additional entries are made on the chart.
Years ago, when market tools such as MarketClub did not exist and all there were was books, newspapers and the beginning of the internet I traded 5K to 212K. Not bad, however, at the worst time I became a buy and hold guy. I didn't have indicators telling me to get out in advance. It really depressed me losing over half of my portfolio. I then began studying, going to workshops, all the while the internet offering this program and that. I learned Vector Vest, IBD, Optionetics, Investools, Worden and others. My current links to great "free" sites which offer great information is right there for me to find good leads. However, with all this good information and maybe suffering from Anyalisis Paralysis I didn't do much trading. Sometimes, too much information is not good. Recently I discovered Adam Hewisons Market Club. It's great! I really like it. I am taking FOREX training and will use their new platform I am sure. I love it's simplicity and dollar for dollar it offers more than All the Above Sites mentioned combined. I do presently still do some research using Investools and other, especially Optionetics Profit Source which is Elliot Wave based, however, as I am learning more about Market Clubs depth I continue being more and more impressed. I've taken the DVD Tutorial sent with the program and watched it twice to help me learn to navigate the site. I'm presently positioned in Gold and T-Bills (both option plays) and watch the charts everyday. I am most appreciate of the daily email updating my portfolio. I am most appreciate to Mr. Hewison as his demeanor and personality is sincere, genuine and informative. The people are Great when you call. Bob and Brad and a nice female with a soothing voice have been most helpful. It's just an amazing site. I love the Footprints, Scans, Searches, Fibonacci, et.al. The demos are great, I've watched a few now. The main thing is: I AM Back in the Market! Thank you Mr. Hewison. Bob Ballentine HHP/Trader
Wow,
Bob, thank you for saying so many nice things about our company.
Welcome back. I am sure that you will with your attitude soar in the market again.
Cheers
Adam