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You may buy a book" Charting the Stock Market-The Wyckoff Method"
Briefly, Richard D. Wyckoff used 3 charts
1.Wave chart: for selecting a strong sector or group of stocks
2. Bar Chart for the trending
3. Figure chart for calculating target price. Find a horizontal
formation ( Crown or base), and the use the horizontal count for the
target price.
Personally I recommend http://www.stockcharts.com/charts/pointFigure/
for the figure chart.
CC Chen
--- In amibroker@xxxx, "Tom Supera" <tom_supera@xxxx> wrote:
> Hi CC Chen,
>
> you wrote: use Whycoff method to calculate the
> target price.
> Can you please describe this method or have you the afl.
>
> Tom Supera
>
> ----- Original Message -----
> From: <bbj@xxxx>
> To: <amibroker@xxxx>
> Sent: Tuesday, October 30, 2001 8:29 AM
> Subject: [amibroker] Re: Trading & Trending RSI
>
>
> > Hi Dimitris Tsokakis,
> > During the change of the phase, the bull and the bear should
fight
> > hard to combat each other. When in bull market I would rather exit
> > long when white line falls below red line. I also use p&f chart
for
> > confirmation. In fact, you may use this code to screen the
possible "
> > turning point" of p&f chart. Then use Whycoff method to calculate
the
> > target price.
> > Thank you for your comment.
> > CC Chen
> > --- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> > > Hi CC Chen,
> > > Your interpretation is in att. gif as an example.
> > > You must risk between Bull Alert and Bull Confirm, else
> > > the confirmation comes with the end of the uptrend.
> > > Perhaps you should be a bit faster, looking for some
> > > anticipating signal as alert. Then the existing alert will
> > > be confirmation and catch the half of the trend.
> > > Things are better during the downtrend, as long as Markets
> > > keep their bearish long term character.
> > > Thank you for your code.
> > > Dimitris Tsokakis
> >
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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