Rate of change measurements can be made for any period of time and can be based on hourly, daily, weekly, or monthly data. In my own work, I frequently employ daily closing prices of key market indices or levels of the advance-decline line (a cumulative total of advances minus declines on the NYSE or on [...]
Archive of entries posted on April 2009
Strength Indicator
Here’s the basic premise …. Although the New York Stock Exchange is the oldes and best known of the stock market trading centers, trading takes place in significant amounts in other areas: the Nasdaq, or over-the-counter, market; the America Stock Exchange; third markets, where off-the-floor trades take place; various optior exchanges; other regional stock exchanges; [...]
Nonseasonal Markets
Most comprehensive works on seasonality include not only agricultural markets but currencies, interest rates, and indices. Common sense tells us that the primary feed grains follow a clear seasonal pattern based upon a single crop year. This calendar cycle also applies to coffee, cocoa, and oranges, although competition from South America has limited the extreme [...]