Mutual fund point & figure by Charles Idol
ARTICLE SYNOPSIS ...Mutual fund point & figure
by Charles Idol
The idea of applying point and figure (P&F) chart analysis to mutual funds causes some conceptual
distress to P&F purists. P&F has no theory, but the basic concept says that the chart patterns are caused
by the effect of supply and demand on the price of an equity. When you speak of mutual funds, you deal
in a conglomeration of equities and, to make things worse, a conglomeration that changes as the fund
manager adjusts the composition of the portfolio.
""So, you see,"" say the purists, ""you don't even know what stocks you are dealing with from day...