Technical Analysis of STOCKS & COMMODITIES
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DownloadThe Funnel Formation by ORY J. CANAL
ARTICLE SYNOPSIS ...The Funnel Formation by ORY J. CANAL The Funnel formation is a technical analysis tool that you may find very useful in analyzing stocks. To begin this discussion of the Funnel, let's locate one on a chart. For this we will use the chart in the back of the Wall Street Journal . It has the industrials, transports, rails, and of course volume of all the stocks traded on the New York Stock Exchange for that particular day. (The paper doesn't cost very much and if you make a mistake on the chart, you can buy a fresh one tomorrow.) The Funnel is formed by points 1, 2, and 3, 5, 6, and 7. Points 1,...
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