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• How Has The Stock Market Priced Itself? by Gordon W. Neal

  ARTICLE SYNOPSIS ...How Has The Stock Market Priced Itself? by Gordon W. Neal Sometimes, the most puzzling of trading questions can be answered with the simplest of technical methods. Here, two such methods are combined for trading: Tushar Chande's variable indexed dynamic average (VIDYA), a moving average that automatically adjusts to the current market's volatility and is used as a trend indicator, and a classic rule of thumb from early-day trader W.D. Gann known as the 50% rule is added. Off-floor, intraday traders are faced with decisions throughout the trading day. Two of the simpler yet most perplexing q...

AUTHOR: Gordon W. NealDATE: MAR 1998SUBJECT: Indicators

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• How Has The Stock Market Priced Itself? by Gordon W. Neal

  ARTICLE SYNOPSIS ...How Has The Stock Market Priced Itself? by Gordon W. Neal Here's a statistical view of the stock market using the Standard & Poor's 500 as the basis for analysis, and a collection of fundamental influences. Assessing whether the overall market is priced right is a goal of most investors. To do so, we can look at ways that the market has valued itself in the past, and there is plenty of data available. The Standard & Poor's 500 stock index is a good base, since it is a gauge of general market performance going back several decades. There are, besides earnings and dividends, other recognized ...

AUTHOR: Gordon W. NealDATE: MAR 1998SUBJECT: Statistics