Without a doubt, software and Web sites have made the lives of numerous investors easier by speeding the analysis process. One area that has seen notable improvement is chart creation. Instead of having to spend time each day manually updating charts—which limits the number of securities one can realistically track—investors can now create an endless array of charts in a matter of seconds with today?s technical analysis and charting services. Reviews of the top software and Web-based technical analysis and charting services can be found in the Computerized Investing archives.
The advent of computerized charting resources has also led to the emergence of some relatively obscure chart types, such as candlestick, equivolume, and point and figure. This article serves as an introduction to point and figure charting and also covers resources for creating and learning more about these charts.
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