Disclaimer Ardent Leisure Group has been chosen at random for chart review. The author now owns no stock in the group. He is not a professional financial adviser, and makes no recommendation to either buy or sell Ardent shares. This post… Read More ›
John Murphy, respected author of the textbook “Technical Analysis of the Financial Markets” defined Technical Analysis as “the study of market action, primarily with charts, for the purpose of forecasting future price trends”. The first of the three premises on which he considers technical… Read More ›
The Wall Street Industrial Average remains arguably the most watched index today, despite the proliferation of market and sectoral indices around the world. Yet it monitors only the share price of 30 US stocks. The present composition of the DJIA… Read More ›
I Charles Dow honed his journalistic skills from the age of 21 as a reporter for the Springfield Daily Republican. It wasn’t until he started working for the Providence Journal in 1877 that he started writing business stories. It was… Read More ›
“The great thing is knowledge; close, accurate knowledge of the company in which money is to be invested. Get the company’s reports, understand what they mean, communicate with the officers, know something of the nature of the business, and never… Read More ›
Try as I might, I have failed to master in my study of technical analysis, the labrynthine extensions of Elliott Wave Theory. I have however come to a deep respect for the accuracy and significance of his observations of market behaviour;… Read More ›
William Delbert Gann, or WD as early on he preferred to be known, was born June 6 1878 in Lufkin, Texas. He came to the commodity trading of cotton, a market with which as the son of a cotton farmer he… Read More ›
Technically Speaking 