“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 ›
Historic world events
History of technical analysis
Ralph Nelson Elliott
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 ›
A Tale of Two Legends of Technical Analysis (2) – W.D. Gann
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 ›
A Tale of Two Legends of Technical Analysis (1) – Charles Henry Dow
The first is Charles Henry Dow, born in Sterling, Connecticut on November 6, 1851. He was a journalist who initially wrote for publications in Rhode Island specializing in detailed regional historical articles. As a 29 year old, in1880, he moved… Read More ›
Fibo-nonsense or Fibo-fact?
Does the employment in technical analysis of the mathematical sequence of numbers known by the name of Fibonacci have any rational explanation? Critics regard it as an example of the unscientific aspect of technical analysis. How could any one number,… Read More ›