Overview This market sentiment indicator shows the relationship between large block trades, which are trades of more than 10,000 shares, and the total volume on the New York Stock Exchange. The comparison of large block trades to total volume shows how active the large institutional traders are. The higher the […]
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This tutorial written and reproduced with permission from Peter Ponzo I want to talk about a total Portfolio gain, over N years (or days or months), and how it depends upon the MEAN return and the distribution of returns and … Like Normal of Lognormal stuff? Yes. Suppose that the […]
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Overview Kagi charts are believed to have been created around the time that the Japanese stock market began trading in the 1870s. Kagi charts display a series of connecting vertical lines where the thickness and direction of the lines are dependent on the price action. The charts ignore the passage […]
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This tutorial written and reproduced with permission from Peter Ponzo I’ve never been enthusiastic about the common assumptions that stock returns are distributed normally or lognormally or … whatever. For example, the normal and lognormal distributions look like Figure 1a. The normal density distribution is described by: [1] […]
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We often hear from students by letter, telephone, and in person at seminars, that they greatly desire to trade managed money. At the opposite end of the spectrum, we also hear from students who want money managed for them. In either case, the experience can be gut wrenching. This chapter […]
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