The Strength of Bullish Support Lines Support lines tend to act like brick walls. We learned that from our friend and point and figure charting expert Tom Dorsey. This has proven to be true time and time again. On this video, Tom shows the bullish support line’s power through an example. Brendan described how the… [Read More] The Strength of Bullish Support Lines
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Foundations_of_Our_Strategy_Point_and_Figure_Basics_March_2015_Podcast.mp3Subscribe: Android | RSSAt 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 analysis to manage money, but we prefer point and… [Read More] Foundations of Our Strategy: Point and Figure Basics
Bullish Support Line 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 book, Point and Figure Charting, that… [Read More] What is a Bullish Support Line?
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Bad_Things_Happen_in_Negative_Trends_January_2015_Podcast.mp3Subscribe: Android | RSSHere at Mullooly Asset Management we use a form of technical analysis called point and figure charting to manage investments. In point and figure, one of the main purposes the chart has it to help us identify trends. Whether we’re looking at a stock, index, mutual fund, ETF or commodity, the chart… [Read More] Bad Things Happen in Negative Trends
When support lines are broken, we need to pay attention. This particular chart broke the support line over three years ago, in August 2010. When support lines are broken, sometimes the move is so gentle, so slight, you might even miss it, or tell yourself “I’m going to give this a few days, few weeks… [Read More] Demonstrating the Power of Support Lines
Have you ever found it curious that Wall Street analysts almost never recommend selling any stocks? It seems like even the stocks that analysts are lukewarm on get a “hold” rating most of the time. So why is this the case? Tom and Brendan discuss that in this video from Mullooly Asset Management. They begin… [Read More] Why Wall Street Analysts Almost Never Recommend Selling