Writer knows his subject
Clearly this writer knows his subject. The title says definitive and that's what it is. In my opinion this is a seminal work on the subject.
The structure is generally good. It starts with an introduction to technical analysis which I guess is too short and too basic and could have been left out. The beef starts with the chapter on the history of Point & Figure charts. The chapter is enlightening and informative. Next is characteristics and construction which explains what makes a PF chart and how it is constructed. I was surprised at how many different methods there are. The next chapter is called understanding PF and details patterns and how they are created. He concentrates on how and why there is a pattern which is good. It is also the first time I have seen the old one point reversal charts and modern 3 point charts reconciled. There is a lucid description of the way to apply trend lines and what they mean. A new technique using 'internal lines' is very useful. The chapters just get better and better. There is a whole chapter on targets that has for the first time explained this part of PF to me better than ever before. There is some ground-breaking detail on risk and reward ratios. I am already using these. He does a full step-by-step analysis of an English FT index as well as the Nasdaq Composite. It doesn't stop there. A chapter on the use of moving averages, John Bollinger's bands and Wilder's parabolic on PF charts is clearly a new area. He covers what he calls market breadth and Bullish Percent in meticulous detail. Every step of the way he describes exactly how everything is calculated.
It is an expensive book but its hardback and its in color. That's something you don't ever see. There are lots example charts. The contents are detailed and the index is very good.
I like the writing style. I highly recommend it
