The overlay profile for current market analysis by Donald L. Jones and Christopher J. Young
ARTICLE SYNOPSIS ...The overlay profile for current market analysis by Donald L. Jones and Christopher J. Young
Market analysis seeks to determine the condition of the market because the trader who knows whether a market is trending, bracketing or in transition is better able to make an intelligent trading decision. Historically, technicians have studied market conditions using a combination of fundamentals, chart analysis and numerical formulas such as moving averages. The problem with the latter, though, has been that while seeking to average a number of trading days to smooth out the random market fluctuation...
AUTHOR: Donald L. Jones and Christopher J. YoungDATE: JUN 1990