Como se combate o populismo? "Com eleições", responde Fukuyama

[GAB]

Rules for Charting:
Learning how to update a Point & Figure chart is fairly simple but there are a couple of ground rules you must first understand.

1- the Point & Figure chart uses the high price and the low price for each trading day.
2- the chart continues in the current column if possible.
3- a minimum of three boxes are required to change columns.
4- a chart can only move in one direction a day.

These four rules of charting are most easily understood by looking at them in a Flow Chart format.

[GAB]

Details of the individual chart characteristics.
Value/ Price Column The scale for a point and figure chart is on the left hand side or the vertical axis. By looking at the price increments of the scale we can determine the box size at that level.
Box sizes:
Changes are determined by the price range of the stock or index. Here is a guide to those changes. Price of Stock Box Size

0.00 - 5.00 = 0.25
5.00 - 20.00 = 0.50
21.00 - 100.00= 1.00
+ 102.00 = 2.00

[GAB]

Here is a Point and Figure Trend Chart with the characteristics pointed out and described. We will go into detail as we continue through the first lesson.

A Point and Figure Trend Chart:
The trend chart depicts the price action of the stock. We call it the trend chart because of the support and resistance lines that determine whether a chart is above or below trend. If someone say's "...the trend chart" you know they mean this type of chart, this is different from an RS chart for example.

Key Points:
* X's mean the chart is rising
* O's mean the chart is declining.
* Never will you see X's in a column of O's or vice versa.
* Each column must have at least three X's or three O's.
You will notice some columns have numbers or letters in place of an X or an O. (In blue). These depict months:
1 = January
2 = February
3 = March
This continues until October in which...
A = October
B = November
C = December
This is because two digit numbers wouldn't fit in the box.
Value / Price column The vertical axis is the price scale. From this you can determine the value of each row.
Trading Bands: These are hyphenated as "Bot" for the bottom of the trading band, "Med" for the medium of the trading band and "Top" for the top of the trading band. Applications of the the Trading Bands will be discussed in later chapters.
Trend Lines: The Bullish Support Lines and Bearish Resistance Lines help us determine the trend of the stock.