Overview The Elliott Wave Theory is named after Ralph Nelson Elliott. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. In fact, Elliott believed that all of […]
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By John H Forman III Abstract / Introduction: Even as you read this, the candlestick charting technique, with its origins in Japan, is being absorbed into the ways of Western technical analysis. Here’s how candlestick charting can be used for a typically Western technical analysis strategy.
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Overview Each week a poll of investment advisors is taken and published by Investor’s Intelligence of New Rochelle, New York. Investment advisors are tracked as to whether they are bullish, bearish, or neutral on the stock market. The Bull/Bear Ratio shows the relationship between the bullish and bearish advisors. Interpretation […]
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Overview The Breadth Thrust indicator is a market momentum indicator. It was developed by Dr. Martin Zweig. The Breadth Thrust is calculated by dividing a 10-day exponential moving average of the number of advancing issues, by the number of advancing plus declining issues. Interpretation A “Breadth Thrust” occurs when, during […]
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Overview The Average True Range (“ATR”) is a measure of volatility. It was introduced by Welles Wilder in his book, New Concepts in Technical Trading Systems, and has since been used as a component of many indicators and trading systems. Interpretation Wilder has found that high ATR values often occur […]
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