Point and Figure Charts: Ya or Nay

Nay.. but, learning about them will definitely help you along. One or two signals are very powerful. If you just take those, and weed out the rest, you would be a very wealthy man.
 
I dont use them, never bothered to learn much about them. I dunno, they just look irritating to me for some reason. This could be a massive folly on my part, I guess time will tell.
 
I think they're useful for filtering out the noise and determining support and resistance but I never found the formulas for projecting the extent of a price move to be reliable. Maybe it was me :)

Tom Dorsey is (was) a leading proponent of them and has a web site which might be helpful. Google it
 
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