Bullish Catapult On this video I discuss a point and figure pattern referred to as the bullish catapult. As the name implies, this is a very positive pattern. Just think about the words bullish catapult for a moment. We all know that the word bullish suggests positivity, but what do catapults do? They launch objects… [Read More] What is a Bullish Catapult?
Triple Top Buy Signals and Triple Bottom Sell Signals Before watching this video, make sure you’ve seen its predecessors on double top buy signals and double bottom sell signals. Watching those videos will help make this one easier to understand. On this week’s video, Tim explains and shows what triple top buy signals and triple… [Read More] Triple Top Buy Signals and Triple Bottom Sell Signals
Point and Figure Sell Signals Tom has already shown us what a point and figure buy signal is. Now we must learn its counterpart: the point and figure sell signal. Point and figure charting is simple, after every column of X’s you’ll find a column of O’s. Sometimes those columns of O’s create sell signals. In this… [Read More] What is a Point and Figure Sell Signal?
Relative strength is a topic we enjoy discussing at Mullooly Asset Management. Relative strength measures how one security is doing compared to another. Through research provided by our friends at Dorsey Wright and Associates, we can determine the relative strength of different asset classes, sectors, mutual funds, ETFs, stocks, and more. Relative strength is useful… [Read More] Why Sector Relative Strength is Important
Point and Figure Buy Signals In the last video, Tom showed us the daily process of updating a point and figure chart. Another main component of point and figure charting is the buy signal. Tom shows exactly what a point and figure buy signal is in this video. In point and figure, when a current… [Read More] What is a Point and Figure Buy Signal?
How Point and Figure Charts Work In our last video, Tom discussed the origins of point and figure charting. Remember that point and figure charting was simply known as “figuring” when Charles Dow invented it in the 1890’s. He sought a logical, organized method to track stock price movement, or supply and demand. Since point… [Read More] How Point and Figure Charts Work