| AUG 1987
Intraday swings with wave charts: The Wyckoff method of trading stocks part 12 by Jack K. Hutson
Intraday swings with wave charts: The Wyckoff method of trading stocks part 12 by Jack K. Hutson The serious follower of Wyckoff, a trader who embraces the entire scope and intricate details of this methodology, has not completed his or her analytic arsenal without the Wyckoff Wave, a price vs. time chart that tracks intraday swings much like a doctor taking a patient's pulse. Whether you trade by the hour or the year, it's the intraday swings, where bears and bulls test each other's strengths and weaknesses minute by minute, that grow and merge into the minor, intermediate and longest-term trends of most profit taking. By revealing this innermost working of the market, the Wave Chart frequently warns its reader of upcoming trend changes several days to a week before they would become apparent in the composite averages. It provides vital information for determining technical position and timing commitments. On a more intuitive level, its use heightens the trader's innate sense of critical market changes and important turning points.
by Jack K. Hutson
Technical Analysis of STOCKS & COMMODITIES
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