In this video, Tom shares a real life example of a point and figure pattern known as the bullish catapult. If you haven't already, we recommend checking out Brendan's explanation of the pattern here: https://mullooly.net/what-is-a-bullish-catapult/7972 To review, the...
Here at Mullooly Asset Management, we love the shakeout pattern! Not familiar with the point and figure charting pattern we're referencing? No problem, Tim explains the basics in another video you should watch: https://mullooly.net/the-shakeout-pattern/8056 Now that...
In this video, Tim explains a point and figure charting pattern called the bearish signal reverse. Don't jump to conclusions about this pattern because despite the word "bearish" being in its name, this is a very bullish pattern. While we don't see this pattern...
In this video, I explain the triangle formation. This pattern can be both bullish and bearish, which makes it particularly interesting. In point and figure charting, the triangle formation's looks are true to its name. To put it plainly, you'll be able to see a clear...
During this video, Tom describes the bearish resistance line. The bearish resistance line is similar to the bullish support line, which Brendan explained recently here: https://mullooly.net/what-is-a-bullish-support-line/8037 Bearish resistance lines are the exact...
We have two quick updates on the S&P 500 and NASDAQ Composite indices today. Both are sending encouraging signals on their point and figure charts. They seem to be setting up for one of two potential patterns: the bullish catapult or the shakeout. Both the bullish...
On this week's Mullooly Asset Management video, Tim explains a point and figure pattern called the shakeout. While we refer to it as the shakeout, technically its name is the bullish shakeout formation. Like some other point and figure patterns, you can probably imply...
For the ninth week in a row, the amount of US Crude Oil in storage has expanded. The US seems to be at a crossroad with too much oil, and nowhere for it to go. Matthew Phillips wrote an article for Bloomberg last week that reiterated some mutual feelings on this...
At Mullooly Asset Management, one of the foundations of our strategy is point and figure charting. Point and figure charting is a type of technical anaylsis that tracks security prices through columns of X's and O's. People successfully use other types of technical...
In this video, I discuss the bullish support line, an integral part of point and figure charting. The bullish support line helps us to identify a security's overall trend, which is the first step in determining its viability as an investment. Tom Dorsey wrote in his...
