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...
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...
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...
Here 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,...
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...
