{"title":"Volume 2 (1983-84)","description":"\u003cp\u003eBrowse Volume 2 (1983-84) articles by issue:\u003c\/p\u003e\u003cdiv style=\"display:flex;flex-wrap:wrap;gap:12px;\"\u003e\n\u003ca href=\"\/collections\/volume-2-1983-84\/issue-01?sort_by=title-ascending#ProductGridContainer\"\u003eChapter 1 (January\/February 1984)\u003c\/a\u003e\u003ca href=\"\/collections\/volume-2-1983-84\/issue-02?sort_by=title-ascending#ProductGridContainer\"\u003eChapter 2 (March\/April 1984)\u003c\/a\u003e\u003ca href=\"\/collections\/volume-2-1983-84\/issue-03?sort_by=title-ascending#ProductGridContainer\"\u003eChapter 3 (May\/June 1984)\u003c\/a\u003e\u003ca href=\"\/collections\/volume-2-1983-84\/issue-04?sort_by=title-ascending#ProductGridContainer\"\u003eChapter 4 (July\/August 1984)\u003c\/a\u003e\u003ca href=\"\/collections\/volume-2-1983-84\/issue-05?sort_by=title-ascending#ProductGridContainer\"\u003eChapter 5 (September\/October 1984)\u003c\/a\u003e\u003ca href=\"\/collections\/volume-2-1983-84\/issue-06?sort_by=title-ascending#ProductGridContainer\"\u003eChapter 6 (November\/December 1984)\u003c\/a\u003e\n\u003c\/div\u003e","products":[{"product_id":"v02-c01-gold-pdf","title":"V.2:1 (20-23): GOLD SWINGS REVISITED by Jesse H. Thompson","description":"GOLD SWINGS REVISITED\nby Jesse H. Thompson\u003cbr\u003e\u003cbr\u003eReview\u003cbr\u003e\u003cbr\u003eIn the March 83 issue of TA, in an article entitled \"Gold: Bull or Bear Market?\", a simple yet very\neffective trend tool, the swing chart, was used to analyze the greater trend of gold. The monthly swing\nchart for June Comex Gold was in the position indicated (right). In the article it was noted that the\n\"failure of the June contract to break the previous swing high (527) is indicative of weakness.\"\nEssentially, the turning down from the second or double-top at 528 established a distribution area at the\n527-528 level. From this chart it was also concluded that \"If the last swing low at 413 is broken by $10,\nthen we will have emphatic confirmation of a greater bear trend. (Ref. A)\u003cbr\u003e\u003cbr\u003eConfirming Price Activity\u003cbr\u003e\u003cbr\u003eIn the first week of June '83, the June Comex Gold contract confirmed a greater bear market by breaking\nto 396.20, under 413 by $16.80. The Dec 83 contract did likewise by breaking to 414 which was $19\nbelow the 433 monthly swing bottom. Both contracts thus confirmed a greater bear trend and lower\nprices. (Ref. B, C)\u003cbr\u003e\u003cbr\u003eImportance of the Monthly Bottom\u003cbr\u003e\u003cbr\u003eMore carefully scrutinizing the 433 Dec bottom (and the June 413 bottom), we see the critical importance\nof the 433 price level. Reviewing the weekly swing chart for the Dec 83 Gold contract, we see that\npreviously the major bottoms in the 430's acted as support levels. Once these levels were broken, the\nprice action indicated a weakening of demand or increase in supply, which should have concomitant\nbearish implications. (Ref. D)","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133756436849,"sku":"\\V02\\C01\\GOLD.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6de346a6-b8a7-4b07-b558-2b85ecc1d34c.jpg?v=1739651339"},{"product_id":"v02-c01-int-pdf","title":"V.2:1 (12-16): An Introduction to Maximum Entropy Method (MEM) Technical Analysis by Anthony W. Warren, Ph. D.","description":"An Introduction to Maximum Entropy Method\n(MEM) Technical Analysis\nby Anthony W. Warren, PhD\u003cbr\u003e\u003cbr\u003eRESEARCH\u003cbr\u003e\u003cbr\u003ePreface to Maximum Entropy Articles\u003cbr\u003e\u003cbr\u003eA reasonable assumption concerning the motivation of subscribers to Technical Analysis of Stocks and\nCommodities magazine might be that they are looking for practical methods to improve the 'bottom line'\nor profit of their trading activities. It should be stated and emphasized that this article is one of several\nplanned articles leading to a conclusion which will indeed provide a practical tool intended to augment\nthat 'bottom line '. The reader will therefore be reassured that before the end of this series of articles, the\nauthor will conclude with practical applications similar to those provided in previous issues for other\ntools such as Fourier Analysis, ARIMA, Finite Impulse Response filters, TRIX, and Market Direction\nIndicator studies.\u003cbr\u003e\u003cbr\u003eDr. Warren's article is a description of his research concerning the adaptation of an accepted\nmathematical tool, Maximum Entropy, to the analysis of the data spectrum we traders call stock and\ncommodity prices. Furthermore, the article promises to provide a \"method of adaptive filtering and data\nforecasting': which is what a practical trader will examine for profit. Most 'technical analysts' feel a\nneed to understand the mathematical theory behind the use of the various tools at their disposal and this\narticle is the necessary first step to that understanding There is nothing in this first article which can be\nplugged into your computer or your immediate decision making apparatus; however, be assured that\nsuch is forthcoming.\u003cbr\u003e\u003cbr\u003eA caution may be appropriate for some fraction of the readership. That caution is that no technique,\nstudy or tool of technical analysis is perfect or promises success, by itself or in any combination with\nother tools. An experienced, practical trader in this zero sum game seeks no more than an edge, say a\n10% edge, in making his trading decisions. That edge combined with disciplined money and risk management will place this trader among the survivors ... no more! Often less!","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133756469617,"sku":"\\V02\\C01\\INT.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_32e726a1-a1dc-474b-b437-0d3d2bb711af.jpg?v=1739651342"},{"product_id":"v02-c01-limi-pdf","title":"V.2:1 (24-26): Limited Risk - High Leverage Potential by Richard J. Maturi","description":"Limited Risk - High Leverage Potential\nby Richard J. Maturi\u003cbr\u003e\u003cbr\u003eInterested in an investment opportunity with known limited risk and high leverage profit potential?\nThen silver options may be right for you. Many investors shy away from gold and silver investment\nvehicles for fear of margin calls and forced liquidations, and others consider options too complicated to\nunderstand. But both fears are unfounded when dealing with options.\u003cbr\u003e\u003cbr\u003eAn option is a contractual obligation of the grantor (the one offering the option) which gives the option\npurchaser the right, though not the obligation, to buy from or sell to the grantor a specified amount of a\ncommodity at a specified price (called a \"striking price\") before a specified time and a specific date\n(called the \"expiration date\").\u003cbr\u003e\u003cbr\u003eThere are two types of options. \"Calls\" give the holder the right to buy the underlying commodity at the\nstriking price before the expiration date. \"Puts\" give the holder the right to sell the commodity at the\nstriking price before the expiration date.\u003cbr\u003e\u003cbr\u003eSilver options offer the following advantages over other silver investment vehicles:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133756502385,"sku":"\\V02\\C01\\LIMI.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c6cea3c9-364f-4810-9c70-0f32af571732.jpg?v=1739651344"},{"product_id":"v02-c01-why-pdf","title":"V.2:1 (35-41): WHY I BECAME A JUNKMAN by Bill Dunbar","description":"WHY I BECAME A JUNKMAN\nby Bill Dunbar\u003cbr\u003e\u003cbr\u003eIN THE BEGINNING\u003cbr\u003e\u003cbr\u003eMy wife hurled the folder into the air, scattering it all over the family room.\u003cbr\u003e\u003cbr\u003e\"Take your damn stocks!\" she screamed. \"I'll never look at another one again!\"\u003cbr\u003e\u003cbr\u003ePromises, promises. I stomped out of the room and slammed the door almost before she started picking\nup the pieces.\u003cbr\u003e\u003cbr\u003eThat wasn't our first fight over the stock market nor our last, but their violence subsided from then on\nbecause we decided at that point to settle out of court with a \"financial divorce,\" dividing up the various\nissues as if we were picking players for a baseball game. When we got through we had two portfolios,\n\"His\" and \"Hers.\" Now we'll see who's right and who's the dummy.\u003cbr\u003e\u003cbr\u003eMy wife likes underdogs and sticks with them forever, in sickness and in health you can almost hear\nthe wedding bells ring. Not me. I get tired of an issue after a while, especially when the price goes down\nand it keeps reminding me what a dope I was for having bought it in the first place. Then I trump up a\nperfectly logical reason for getting rid of it.\u003cbr\u003e\u003cbr\u003eThe next several years were a long and trying time, pure hell, during which my wife's fund took off and\nleft mine way back there choking on the exhaust fumes. No matter what I did I just couldn't catch up. I\ntried fundamental approaches, technical methods, and a number of schemes of my own concoction, and I\ndidn't do so badly either, but I couldn't catch up to my wife.\u003cbr\u003e\u003cbr\u003eUntil I became a junk man.\u003cbr\u003e\u003cbr\u003eNow my fund is on top and I'm wearing the pants again. I'll tell you how it happened.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133756535153,"sku":"\\V02\\C01\\WHY.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_af2fc6cf-1389-45a4-9c51-26599da037da.jpg?v=1739651346"},{"product_id":"v02-c02-analr-pdf","title":"V.2:2 (76-79): Analyzing Risk\/Reward Tradeoffs by Fred S. Gehm","description":"Analyzing Risk\/Reward Tradeoffs\nby Fred S. Gehm\u003cbr\u003e\u003cbr\u003eThese days, more and more potential traders are avoiding the day-to-day problems of commodity trading\nby committing their funds to professional money managers. For many, perhaps most, this is a reasonable\ndecision, although unfortunately it does not solve all of their trading problems. Deciding to use a money\nmanager only replaces the many difficult and important problems of trading with a few very difficult and\nvery important problems.\u003cbr\u003e\u003cbr\u003eThe most obvious and most important problem is that of selecting a money manager in the first place.\nWith several thousand individuals offering managed accounts of one kind or another, how can the \"best\"\nmoney manager be selected?\u003cbr\u003e\u003cbr\u003eSelecting a Money Manager\u003cbr\u003e\u003cbr\u003eIt's been my experience that most individuals ask the wrong questions when attempting this selection.\nThey look for a manager with the highest potential returns, that is, the one who might possibly make the\nmost money. A somewhat more reasonable approach is to select a money manager who is likely to make\nthe highest return, a subtle but all-important difference.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133756600689,"sku":"\\V02\\C02\\ANALR.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f9adfc3f-94c0-48f6-af9b-1bfcbb2fe361.jpg?v=1739651349"},{"product_id":"v02-c02-comp-pdf","title":"V.2:2 (48-54): Computers in the Futures Industry by William T. Taylor","description":"Computers in the Futures Industry\nby William T. Taylor\u003cbr\u003e\u003cbr\u003eThe futures industry, like other investment-oriented industries, relies heavily on information. For years,\nexchanges have used the computer for price recording and data gathering as well as for accounting.\nComputer technology has brought price data to thousands of traders through various quotation services.\nIn fact, the computer can bring a trader so much data that there is virtually no way a human being could\npossibly absorb the data and transform it into information in time to be useful.\u003cbr\u003e\u003cbr\u003eNotice, I'm making a distinction between data and information here. Data are just prices, supply and\ndemand figures, production estimates, news items and so forth, that can affect the activity of the various\nmarkets. information on the other hand, is produced by an orderly assimilation of the data, sorting out the\nimportant from the irrelevant, and organizing it into some useful format.\u003cbr\u003e\u003cbr\u003eThe computer can help the trader accomplish the task of converting data into information, but not by\nitself. Alone, the computer is nothing more than a machine, a piece of hardware. It is the programs or\nsoftware that instruct the computer how to perform its functions with great speed an accuracy,\ntransforming the barrage of data into usable information for the trader.\u003cbr\u003e\u003cbr\u003eUntil recently, the specialized software needed by the trader was not available for micro-computers. Only\ntraders with computer programming knowledge were able to use the power of computers, by developing\nsoftware for their own use. But gradually the market for software services began to grow, attracting the\ntalent necessary to develop programs and data services for the trader. As recently as five years ago, only a\nhandful of traders were using small microcomputers to assist them in trading. Now thousands of\nindividuals and firms all over the world are using this powerful tool.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133756862833,"sku":"\\V02\\C02\\COMP.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_9cd916e4-7b8a-4f50-93fb-9ad847ac6747.jpg?v=1739651351"},{"product_id":"v02-c02-fibo-pdf","title":"V.2:2 (66-73): FIBONACCI FORECAST EXAMPLES by Tucker J. Emmett","description":"FIBONACCI FORECAST EXAMPLES\nby Tucker J. Emmett\u003cbr\u003e\u003cbr\u003eI have a system that I use, with great success, for making short and long term predictions for various\nsegments of the futures market. Recently, I have been asked repeatedly for more descriptive information\nconcerning my system and techniques, and this article is my reply. In it, I will first briefly describe the\ntheory, and then devote most of the article to examples of the proper application of my own Fibonacci\ntechniques. These techniques I have researched over the past ten years and have tested empirically in the\nfutures markets. I will highlight what to look for.\u003cbr\u003e\u003cbr\u003eFor a more thorough discussion of the theory and principles behind the application of the Fibonacci series\nto the futures and stock markets, you may want to refer to my Fibonacci Forecast or some other\nFibonacci reference.\u003cbr\u003e\u003cbr\u003eThe Fibonacci Series is a succession of integers as follows: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ... etc.,\neach successive number in the series being the sum of the two previous. The ratio between successive\nnumbers in the series approaches .618, or inversely, 1.618. These ratios are extremely important.\u003cbr\u003e\u003cbr\u003eMy Fibonacci approach to the futures markets involves subdividing each market into three specific\ncategories: Pattern, Ratio, and Time.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133756895601,"sku":"\\V02\\C02\\FIBO.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_73169c76-5b1d-401f-b7f8-8c099911679f.jpg?v=1739651353"},{"product_id":"v02-c02-nov-pdf","title":"V.2:2 (74-75): Novice Speculator by John Sweeney","description":"Novice Speculator\nby John Sweeney\u003cbr\u003e\u003cbr\u003eBill Wyckoff suggested I write thisnot personally, of course, since he's long out of print. He just noted\nin Wall Street Ventures and Adventures Through Forty Years that writing and publishing The Ticker was\na terrific way of learning about his market (the stock market). I can take a hint.\u003cbr\u003e\u003cbr\u003eI decided to write about growth. After all, nine months of full-time speculation have given me more\ngrowing pains than I ever thought possible. It occurred to me that a careful documentation of my path\nmight be valuable to others as well as to me. That this would probably highlight mistakes hasn't bothered\nme. I know that, in theory, people actually learn from mistakes, whereas success is tough to evaluate and\neasy to forget.\u003cbr\u003e\u003cbr\u003eI see the world as full of restraints and pitfalls, amongst which we poke and probe for a safe, rewarding\npath. When a probing trade comes back with two-thirds of the margin missing, the novice learns to avoid\nsomething. For a novice, that knowledge is enoughsurvival alone is the novice's goal. A trader, on the\nother hand, having bested the issue of survival, may probe some more, perhaps more gingerly, to find a\nprofit-maker. And by the time one is a true speculator, I assume one knows what is in that\nmargin-devouring pitfall! After all, the word \"speculator\" comes from the Latin verb \"to see\"; hence, a\nperson who truly does see what is before him. To become a true speculator, then, would be a great\nachievement, and is the goal to which these writings are dedicated.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133757026673,"sku":"\\V02\\C02\\NOV.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1d8eb995-9d87-4f2e-91f1-0efc5b51d1b6.jpg?v=1739651356"},{"product_id":"v02-c02-opti-pdf","title":"V.2:2 (55-59): Optimizing the Maximum Entropy Method by Anthony W. Warren, Ph.D.","description":"Optimizing the Maximum Entropy Method\nby Anthony W. Warren, PhD\u003cbr\u003e\u003cbr\u003eThis article is the second in a series on the Maximum Entropy Method (MEM) and its use in technical\nanalysis for short data length spectrum estimation and short term forecasting. In the first article (January\n1984 issue of T.A.) we introduced the main ideas behind MEM and illustrated the relationship between\nthe MEM order or number of days used in MEM forecasts, and the resolution in the spectrum. In the\nfollowing article we discuss the critical process of optimizing the MEM fit coefficients to obtain reliable\nmodels for spectrum estimation. This process is crucial for obtaining high resolution spectra from short\ndata sets (say 30 to 80 samples of price history data), and for obtaining forecasts consistent with recent\ndata trends and cycle lengths. The optimizing methods discussed here represent the product of both\nacademic research on the Maximum Entropy Method and the author's research on application of this\nmethod to stock and commodity data. The result of this effort is a semi-automated optimization algorithm\n(to be published in a subsequent issue of T.A.) which is relatively easy to use, and which in most cases\nwill produce reliable spectra and forecasts. The application of this method to trend channel forecasting\nand usage within trading systems will be discussed in a subsequent article.\u003cbr\u003e\u003cbr\u003eMEM OPTIMIZATION PARAMETERS\u003cbr\u003e\u003cbr\u003eThere are three parameters which may be selected independently in the author's optimizing method:\u003cbr\u003e\u003cbr\u003e* A prefilter-and-sample parameter- D\u003cbr\u003e\u003cbr\u003e* The MEM prediction order- M\u003cbr\u003e\u003cbr\u003e* The data length- N","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133757419889,"sku":"\\V02\\C02\\Opti.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_818c8e66-0028-4865-87e8-f18fc10689d4.jpg?v=1739651358"},{"product_id":"v02-c02-pric-pdf","title":"V.2:2 (60-65): Price, Action and Resistance by Jesse H. Thompson","description":"Price, Action and Resistance\nby Jesse H. Thompson\u003cbr\u003e\u003cbr\u003eOrigin, History and Recent Price Action\u003cbr\u003e\u003cbr\u003eWe can not obtain a full account of the \"present position\" (price potential), of any given stock or\ncommodity without a review of its recent price origins, price history and price action. And a wider\nperspective is possible only by considering a greater time frame than is normally provided in the limited\nspace of most chart services. Hence, the great value in keeping your own longer term charts on each\nvehicle you monitor.\u003cbr\u003e\u003cbr\u003eThe cycles of supply and demand are characteristically shorter for commodities than stocks both because\ncommodities are so much more perishable and because the consumer demand for them is more\nimmediate. The great secular movements of supply and demand usually run 2-4 years in commodities and\nmuch longer in stocks.\u003cbr\u003e\u003cbr\u003eIn this article, we will analyze the \"present position\" of the November 84 Soybean contract relative to\nprice origin, price history and recent price action.\u003cbr\u003e\u003cbr\u003ePrice Origins and History\u003cbr\u003e\u003cbr\u003eThe first point of price origin that is relevant to the \"present position\" dates back to the last pulses of the\nmost recent secular bear market low. This point is the 518 major low which occurred on 4 Oct 82 in the\nNovember 1982 contract (Chart A, Point A). Note that 518 was the final low of the major bear market\nextending downward from the 930 major top of 5 Nov 80. This great bear's price history consisted of\nfive great swings downward, culminating at 518. The price history after the 518 low consists of two great\nswings up to the 968 major top of 13 Sep 83 (Chart A, Point B).\u003cbr\u003e\u003cbr\u003eThe downturning from the 968 top, and the subsequent reaction establishes the 968 top as the second\nmajor point of origin relevant to the \"present position\".","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133757452657,"sku":"\\V02\\C02\\PRIC.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a434249f-c0ec-4903-8199-cc965b49dc00.jpg?v=1739651360"},{"product_id":"v02-c03-filt-pdf","title":"V.2:3 (102-103): FILTER PRICE DATA: Moving Averages vs. Exponential Moving Averages by Jack K. Hutson","description":"FILTER PRICE DATA: Moving Averages vs.\nExponential Moving Averages\nby Jack K. Hutson\u003cbr\u003e\u003cbr\u003eIn the process of collecting stock or commodity time series data, such as daily closes, we lose a\nsignificant quantity of information. We are examining a single point (sampling) of price history and\nendeavoring to glean some market understanding based only on a single daily price sample. This price\nsampling of a trading market frequently distorts the actual price signal. Among the diverse sources of\ndistortion may be simple record-keeping errors, emotional overflow from other stock issues or\ncommodities, rumors and political repercussions. Exchange specialists or floor traders also tend to\namplify minor intraday price moves enough to allow them an opportunity to trade, sometimes with a\nprofit.\u003cbr\u003e\u003cbr\u003eModification of this stream of daily price signals is sometimes necessary to remove the noise and reclaim\nthe original market message or direction. This process is called filtering. Analyzing how much noise may\nbe separated from the input data, without destroying the tradable movement, is not simple. A properly\noptimized simple linear moving average can often perform as well as an extremely complicated filter.\nThere are cases where the very best results require an elaborate filter but where only slightly inferior\nresults can be obtained by using comparatively simple filters.\u003cbr\u003e\u003cbr\u003eWhen examining stock price historic data, it is common to look only at a plot of weekly ranges.\nSometimes Friday's closing price is shown as a small tick to the right or simply a cross on the weekly bar\nchart. By not plotting daily price ranges, we have applied a simple visual weekly filter to otherwise hectic\ndaily trading.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133757649265,"sku":"\\V02\\C03\\FILT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_da49211b-c4b7-45b2-99da-695fa8495cbe.jpg?v=1739651363"},{"product_id":"v02-c03-gold-pdf","title":"V.2:3 (84-86): June, 1984 Gold: Studies in Price Action by Jesse H. Thompson","description":"June, 1984 Gold:\nStudies in Price Action\nby Jesse H. Thompson\u003cbr\u003e\u003cbr\u003eThe recent March trend reversal, as represented by the activity of the June 1984 Gold contract, is an\nexcellent study of the interaction of price with natural resistance levels, as well as illustrative of the\nprocess of \"distribution to the side\".\u003cbr\u003e\u003cbr\u003eThe most important natural resistance areas for the June 1984 Gold contract relative to the recent rallying\nactivity are the natural divisions of the range formed by the last major monthly peak and the last major\nmonthly bottom. For the June 1984 contract this was the 473.50 top of July '83 and the major low at 374\nin January 1984 (refer to Chart A). Once the monthly bottom at 374 was defined by the rally in February,\nthe range was also concomitantly defined as 99.50. From this range we can quickly calculate potential\nresistance at a .382 (38.2%) range division which is 412, with the next important level being a .50 range\ndivision or 423.75. It is also helpful to calculate the midpoints between the .382 (38.2%) and the .50\n(50%) level (or the .50 (50%) and the .618 (61.8%) level) as the actual tops or bottoms often occur near\nexact midpoints of two important price resistance levels. This level for the .382 and the .50 percent range\nis the 418 dollar price level.\u003cbr\u003e\u003cbr\u003eTherefore, as June Gold rallies to correct the oversold bear market condition prevelant at the 374 bottom,\nwe can expect potential resistance at the first important levels of 412, 418 or 423.75.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133757714801,"sku":"\\V02\\C03\\GOLD.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c2df5025-adbd-4052-a82d-15dbdd5e4e98.jpg?v=1739651365"},{"product_id":"v02-c03-insid-pdf","title":"V.2:3 (98-101): THE INSIDE MAN by Bill Dunbar","description":"THE INSIDE MAN\nby Bill Dunbar\u003cbr\u003e\u003cbr\u003eInside Broker: Listen now, Charley, that stock moved up 5\/8 yesterday and 1\/2 the day before! You\nbetter grab it before it gets outa reach.\u003cbr\u003e\u003cbr\u003eCharley: Do ya really think I should? I haven't even plotted the price ranges over the past couple of\nmonths.\u003cbr\u003e\u003cbr\u003eInside Broker: Hell, by the time you get all that done, it'll be gone, man, and you'll be left dancing around\nat the starting gate. That company is sure to earn four dollars a share this year and seven the next.\u003cbr\u003e\u003cbr\u003eCharley: What kind of business are they in, anyway?\u003cbr\u003e\u003cbr\u003eInside Broker: Who cares? Didn't you hear what your old pal Freddy said? He got it straight from his\nsecretary who knows the broker that talked to the guy who was in on the deal. As soon as the investing\npublic gets onto it that stock is gonna take off like a rocket. You'll be rich, Charley! Think of itrich!\nAnd you can tell that stupid boss of yours to take his job and stick it.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758009713,"sku":"\\V02\\C03\\INSID.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6995a445-e337-40bf-aae3-e55c1a8069b4.jpg?v=1739651368"},{"product_id":"v02-c03-lane-pdf","title":"V.2:3 (87-90): LANE'S STOCHASTICS by George C. Lane, M.D.","description":"LANE'S STOCHASTICS\nby George C. Lane, M.D.\u003cbr\u003e\u003cbr\u003eIn 1954, I was fortunate to join Investment Educators as a \"gopher\". I carried luggage, ran the projector,\nmade charts and took attendance for the owner, Ralph Dystant, and for the technical \"guru\", Roy Larson.\u003cbr\u003e\u003cbr\u003eWhen Mr. Larson (who was getting on in years) retired, Mr. Dystant became the guru for the stock\nmarket and I took the No. 2 spot teaching commodities. Mr. Dystant had a heart attack and, for a time, I\ntaught both stocks and commodities.\u003cbr\u003e\u003cbr\u003eSome 43 members of the Chicago Board of Trade, Chicago Mercantile Exchange and MidAmerica\nCommodity Exchange went through our series of basic, intermediate, advanced and post graduate\ncourses. They were sharp, experienced traders, who took an aggressive approach to their professional\ntraining.\u003cbr\u003e\u003cbr\u003eWhen you teach something, you really have to understand how it works. Fortunately for me, I was forced\nto learn the field of commodities thoroughly just to stay ahead of these students.\u003cbr\u003e\u003cbr\u003eOurs was the first school to teach a heavy course in Elliott Wave. Our conventions featured such noteable\nspeakers of the day as Bolton, Marcheal, Jeff Drew, etc...\u003cbr\u003e\u003cbr\u003eThese were research days: 20 hour days, all calculating done by hand. The staff expanded to five. I shall\nnot mention names, as they are all well-off financially, still trading, and don't wish to be bothered.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758042481,"sku":"\\V02\\C03\\LANE.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_bad47983-f5b0-4617-aef0-817f7b53c83e.jpg?v=1739651370"},{"product_id":"v02-c03-nov-pdf","title":"V.2:3 (110-112): NOVICE SPECULATOR: My First System by John Sweeney","description":"NOVICE SPECULATOR:\nMy First System\nby John Sweeney\u003cbr\u003e\u003cbr\u003eAs a novice trader, newly equipped with a price monitor, personal computer, and a fresh reading of\nKaufman's Commodity Trading Systems and Methods, I was looking for some steady money in\nday-trading. In May of 1983 I was focused on T-Bills. I was afraid of what I called \"overnight risk\" in the\nfinancials especially given market antics over the money supply. I wanted a way to generate a small\namount of money from the market on a regular basis. I could always, if successful, increase the number\nof contracts to get into more serious money.\u003cbr\u003e\u003cbr\u003eTreasure Bills were just the ticket, my buddies in the cash markets told me. Their volatility was notorious\nwhich made sense to me given their short-term nature. \"Short-term = volatility\", I thought.\u003cbr\u003e\u003cbr\u003eMy buddies and I were wrong. T Bills had entered a period of relative stability in October, 1982 as\nmeasured by daily range and intra-day closing price differences. The monitor also told me that the T\nBond prices were changing far more often. By July, I was keeping two charts instead of one. LESSON: If\nyou can articulate your assu mptions, test the m yourself and don't try to study more than one thing\nat a time.\u003cbr\u003e\u003cbr\u003eWhat was my thought here? I had the idea, as I've learned is common amongst novices, that if I couldn't\nsee how to take a large but highly uncertain profit from a large move, I'd try to take a small but highly\ncertain profit from those large moves LESSON: The larger moves are more predictable. To make this\nidea economically viable, I had to be able to take a lot of small profits which meant constantly looking\nfor opportunities. This is my novice's mindset: daytrading would expose the opportunities and protect me\nfrom taking \"overnight risk.\" With this and the desire to get into nits and grits, the stage was set to start\nwatching my monitor hypnotically while drawing charts!","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758108017,"sku":"\\V02\\C03\\NOV.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_930b1438-2e34-42e8-8b5a-affa5d0a418b.jpg?v=1739651372"},{"product_id":"v02-c03-stoc-pdf","title":"V.2:3 (94-97): STOCHASTIC OSCILLATOR by Harry Schirding","description":"STOCHASTIC OSCILLATOR\nby Harry Schirding\u003cbr\u003e\u003cbr\u003eStochastic is an oscillator, that like the Relative Strength Indicator (RSI) or Contary Opinion, can be\nused to indicate an overbought or oversold condition. The process has at its root an observation that in\nrising markets, prices tend to accumulate near the upper end of the day's trading range. The observation\nalso follows for falling markets that the close will tend to accumulate near the lower end of the day's\ntrading range. The result of computations described below will net two indicators, the \"%D\" and \"K\",\nwhich are plotted together to give a visual picture of the overbought or oversold of the data base used.\u003cbr\u003e\u003cbr\u003eThe following paragraphs describe two separate methods that can be used in the computation of the\nstochastic. The first method uses two formulas that will compute the values for \"K\" and \"%D\"\nrespectively. The second method will make use of a table (figure 1) to arrive at the same values for \"K\"\nand \"%D\". Both of these methods will compute the regular stochastic and a smoothed stochastic referred\nto as the slow stochastic.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758140785,"sku":"\\V02\\C03\\STOC.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6d72ab8f-55ee-491f-85af-cd4784f6ad2a.jpg?v=1739651375"},{"product_id":"v02-c03-trip-pdf","title":"V.2:3 (91-93): TRIX: Triple Exponential Smoothing Oscillator by Jack K. Hutson","description":"TRIX: Triple Exponential Smoothing Oscillator\nby Jack K. Hutson\u003cbr\u003e\u003cbr\u003eRelating the use of Fourier spectrum analysis to stock or commodity data filter selection has been the\nsubject of a number of articles in Technical Analysis. In particular, Warren uses Fourier, in \"Optimizing\nTRIX: Further Analysis of Triple Exponential Smoothing\" (September 1983 Technical Analysis), to\nselect TRIX's filter coefficients. The problem with any exponential moving average type filter is to\nproperly choose \"alpha\", the filtering constant. Warren's article was important because he was able to\nmathematically manipulate our TRIX algorithm to obtain its transfer function. The transfer function is an\nimportant tool in the design of filters and may be used to precisely relate cycle frequency and filter\ncoefficients, such as \"alpha\" in TRIX.\u003cbr\u003e\u003cbr\u003eTRIX is obtained by triple exponentially smoothing the logarithm of daily market closes, then taking a\none day difference (momentum). In TRIX the \"alpha\" used for each pass through (three times) the\nexponential filter process is the same, thus simplifying optimization. Warren used a frequency spectrum\ngenerated by Fourier analysis of daily market closes to choose a cutoff frequency. This is an excellent\nexample of using a frequency spectrum of past data to estimate the significance of price moves. We\nshould be able to pinpoint where the power in a spectrum drops off and therefore where shorter cycles are\nnot useful for trading daily price swings. This point is called the high frequency cutoff frequency. Warren\nexplained how to convert cutoff frequency to TRIX \"alpha\" by the use of a chart in the above-mentioned\narticle. The following change to my original TRIX (July 1983 Technical Analysis) BASIC computer\nsubroutine eliminates the need of a chart. All that is required is the cutoff frequency in cycles per year.\nTRIX will then filter out all cycles that are less than the cutoff frequency.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758173553,"sku":"\\V02\\C03\\TRIP.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ccd6cca3-19a4-471e-bfe4-308b33ba9cd5.jpg?v=1739651377"},{"product_id":"v02-c04-four-pdf","title":"V.2:4 (116-122): Fourier Spectral Analysis by William T. Taylor","description":"Fourier Spectral Analysis\nby William T. Taylor\u003cbr\u003e\u003cbr\u003eIntroduction\u003cbr\u003e\u003cbr\u003eBecause many commodity and stock prices appear to exhibit some cyclical movement, it is important\nfor the trader who relies on this characteristic feature to recognize these cycles and adjust the parameters\nof the particular technical trading system in use, accordingly. For example, the trader may wish to filter\nout or accentuate cycles of particular lengths using moving averages, Commodity Channel Index, or any\nnumber of popular trading systems.\u003cbr\u003e\u003cbr\u003eSome cycles can be seen, more or less, on the price charts from commercial charting services or\ncomputer-generated charts from some of the popular microcomputer programs available to the trader. I\nsay \"more or less\" because these charts show only a relatively short time period on each page, particularly\nif the data is on a daily basis.\u003cbr\u003e\u003cbr\u003eWouldn't it be nice if there were some technique for identifying and categorizing cyclical components by\nvarious frequencies and amplitudes, given actual price data over relatively long time periods? Well, there\nis such a technique. It is called Spectral Analysis.\u003cbr\u003e\u003cbr\u003eDerived from the word spectrum, meaning a continuous sequence or range, Spectral Analysis is a\nstatistical procedure used to evaluate a time series of data that produces an evaluation of the various\ncyclical components of that data. It is based on a mathematical concept called Fourier Analysis, named\nafter the French mathematician Jean Baptiste Joseph Fourier. The fundamental theory of Fourier Analysis\nis that any time series is made up of components of sine and cosine wave forms of various frequencies\nand amplitudes. These components are summed for each point in the time series to produce a\nfrequency\/amplitude series of data, called a Fourier Series.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758206321,"sku":"\\V02\\C04\\FOUR.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e521b30f-1a1f-47e2-9067-fa1af9fe0f83.jpg?v=1739651379"},{"product_id":"v02-c04-max-pdf","title":"V.2:4 (123-129): Maximum Entropy Optimization by Anthony W. Warren, Ph.D. and Jack K. Hutson","description":"Maximum Entropy Optimization\nby Anthony W. Warren, Ph.D. and Jack K. Hutson\u003cbr\u003e\u003cbr\u003eThe Maximum Entropy Method (MEM) is a promising new system for short-term Spectrum Analysis\nand trend forecasting. In this article we discuss the process of obtaining an optimal set of MEM\ncoefficients using the author's code as adapted to the Compu-Trac system.\u003cbr\u003e\u003cbr\u003eThe basic theory and terminology associated with the MEM method are discussed in a Technical Analysis\narticle \"An Introduction to Maximum Entropy Method (MEM) Technical Analysis\", published\nJanuary\/February 1984. To review some of the major points, MEM is a system which can provide high\nresolution Spectra for identifying the dominant data cycles, using relatively short time series. (Fourier\nAnalysis, in contrast, gives best results when applied to time series on the order of six-months to a year or\nlonger.) Moreover, the MEM fit coefficients may be used to produce a data forecast which is consistent\nwith the identified cycles. However, this system is more complex to use than Fourier Analysis, since its\napplication requires following an optimization process. In the author's system, one can select either\nautomatic optimization or manual fit selection for optimizing the MEM data fit.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758239089,"sku":"\\V02\\C04\\MAX.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7d37ea3f-0c41-465d-8387-be15d8ebe3e9.jpg?v=1739651381"},{"product_id":"v02-c04-nov-pdf","title":"V.2:4 (142-145): NOVICE SPECULATOR: An Anti-COMMODEX System by John Sweeney","description":"NOVICE SPECULATOR: An\nAnti-COMMODEX System\nby John Sweeney\u003cbr\u003e\u003cbr\u003eOne observation I made when starting technical analysis was that there were relatively few bits of data\nto work with: price, volume, and open interest for a given futures contract and its related contracts and\nindices. Thus, any \"black box\" I constructed to forecast price action would be dependent on these inputs.\u003cbr\u003e\u003cbr\u003eI didn't want to repeat others' work (perhaps poorly), so my first thought was simply to find the advisory\nservice which had best exploited each one of these variablesor a combination of themand sign up. I\nfigured years of experience would beat my novice's analysis.\u003cbr\u003e\u003cbr\u003eI soon learned that almost all advisory systems are predicated on price action alone. The focus is natural\nsince most people intend to take their profits on price movement, not volume or open interest. The result\nof this focus is a dearth of folks who integrate price movement with other \"primary\" data; open interest,\nvolume, etc.\u003cbr\u003e\u003cbr\u003eOne exception to this at the time was the COMMODEX system, which is unique in its long history of\napplication, use of volume and open interest along with price (through two moving averages), and a\ncompletely mechanical application. It is a fully disclosed system, too, which meant I wouldn't be working\nwith a mystery machine. It covered every commodity in which I was interested and it gave daily signals, a\nfeature I thought important at the time. The price was right and I signed up the same day I got my\nmonitor, computer and printer!","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758271857,"sku":"\\V02\\C04\\NOV.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c764cbd0-db48-4c82-b380-54ff32fa6b13.jpg?v=1739651383"},{"product_id":"v02-c04-sed-pdf","title":"V.2:4 (132-135): The Seduction of Leverage by Jesse H. Thompson","description":"The Seduction of Leverage\nby Jesse H. Thompson\u003cbr\u003e\u003cbr\u003e\"Leverage 'o Leverage. Ye siren of the speculative sea...\"\n--Anon.\u003cbr\u003e\u003cbr\u003eRule: Do Not Overtrade!\u003cbr\u003e\u003cbr\u003eI must have bumped into this time worn dictrum a thousand times before I began to understand more\nfully the implications of this rule relative to actions taken in speculative markets.\u003cbr\u003e\u003cbr\u003eOf course, early in my studies I decided this rule was simply common sense and too basic to waste any\nfurther time or effort on, So I vowed to never overtrade and simple as that I was through with this rule.\n(Well, maybe I was through with this rule but it was NOT through with me.)\u003cbr\u003e\u003cbr\u003eFirst, I did not stop to carefully define and identify the nature of this great ogre called Overtrading.\nBeing so blinded, I failed to fully master the technique of How not to overtrade! It is not enough to\nempirically discover or intellectually agree that overtrading or any other trading sin is financially harmful,\na trader must acquire the technique of translating this rule into action. A similar analogy can be applied to\nsuccessful speculation, as it is not merely the' ability to analyze something, it is the further ability to\ntranslate that information into a practical and profitable technique of entry and exit.\u003cbr\u003e\u003cbr\u003eA trading rule like a pearl of a precious necklace can only be strung and truly called yours after you have\nacquired a thorough understanding of its definition, its implications for action and can integrate this\ninformation into your trading operations. Only then can this rule be of great practical value.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758370161,"sku":"\\V02\\C04\\SED.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0028a141-7e1a-4603-a1cf-09f1c01fc260.jpg?v=1739651385"},{"product_id":"v02-c05-book-pdf","title":"V.2:5 (184-184): Book Review: by John Sweeney","description":"Book Review:\nby John Sweeney\u003cbr\u003e\u003cbr\u003eAn Easy Course in Using the HP-12C and Other\nFinancial Calculators\u003cbr\u003e\u003cbr\u003eby Chris Coffin and Ted Wadman\u003cbr\u003e\u003cbr\u003eGrapevine Publications, Inc.\u003cbr\u003e\u003cbr\u003eCorvallis, Oregon 97339\u003cbr\u003e\u003cbr\u003ePrice: $18.00\u003cbr\u003e\u003cbr\u003eThere seems to be something about financial calculations that boggles minds. I've taught finance\ncourses for years and I'd guess that less than 20% of introductory students finish with a solid working\nknowledge of the fundemental equation. Now Messrs. Coffin and Wadman have written a book whose\ngreat value is not its explanation of a particular calculator, but its graphic presentation and detailed\nexplanation of basic present value\/future value calculations.\u003cbr\u003e\u003cbr\u003eCoffin and Wadman don't skimp in explaining the machine itselfthe first sixty pages deal with\nHewlett-Packard's stack manipulation. Still, this is widely popular financial calculator, and this subject\ngets the book's remaining 70 pages. Persons who do have a good gut feel for PV\/FV manipulations can\nskip this book entirely, but if you've just been issued an HP-12C for your line of work (as many of my\nstudents have) here's where you want to dig in.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758402929,"sku":"\\V02\\C05\\BOOK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1398348a-7772-4d1d-aae7-17e016e66a38.jpg?v=1739651388"},{"product_id":"v02-c05-cob-pdf","title":"V.2:5 (151-157): COBWEB DYNAMICS: Microeconomic Basis for Technical Stock Market Analysis by Kent Kachigan","description":"COBWEB DYNAMICS:\nMicroeconomic Basis for Technical Stock\nMarket Analysis\nby Kent Kachigan\u003cbr\u003e\u003cbr\u003eIntroduction\u003cbr\u003e\u003cbr\u003eFor many years, investors, analysts and economists have been debating whether the theories developed by\ntechnical stock market analysts have their foundations in traditional microeconomic theory. While many\ntechnical stock market analysts intuitively believe that their theories are associated with supply and\ndemand, they have not yet been able to demonstrate this connection. I present an idea demonstrating the\nlink between microeconomic theories and technical stock market analysis in hope that this will allow\nthese now opposing views to combine their efforts, so that investors, analysts, and economists can\nincrease their understanding of price fluctuations.\u003cbr\u003e\u003cbr\u003eMy objective is threefold: to justify and explain the economic basis of technical stock market analysis, to\nidentify and understand the implications of shifting supply and demand curves, and to understand the\neffects of the slope relationship between the supply and demand curves on the pattern of price\nfluctuations. To achieve these objectives, a theoretical economic process will be defined and\ndemonstrated, using supply and demand curves with cobweb dynamics. The price fluctuations generated\nby each cobweb dynamic process will then be graphed against time. Next, the technical stock market\npattern that approximates the price fluctuations generated by the individual cobweb will be determined\nand defined. The common properties between each cobweb dynamic process and a major technical stock\nmarket pattern will be shown. These common properties support the proposition that cobweb dynamic\nprocesses form the microeconomic basis for technical stock market analysis. After the theoretical basis\nhas been demonstrated, a return to the supply and demand curves will allow us to reinterpret the technical\nbuy and sell signals defined by the technical analysts.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758435697,"sku":"\\V02\\C05\\Cob.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a88f5582-435f-48a6-870c-42b4a25c3178.jpg?v=1739651390"},{"product_id":"v02-c05-dec-pdf","title":"V.2:5 (174-180): Decision Making by Fred Gehm","description":"Decision Making\nby Fred Gehm\u003cbr\u003e\u003cbr\u003eOne group of techniques that traders should know more about are those for multiple-criteria decision\nmaking. These techniques allow the trader to simultaneously analyze a number of alternatives in terms of\na number of attributes or criteria, allowing the traders to simultaneously maximize rewards and minimize\nrisks. Most of the powerful and interesting multiple-criteria decision making techniques require a\ncomputer, but some can be done freehand.\u003cbr\u003e\u003cbr\u003eOne of the easiest and most valuable decision making techniques available is also one of the oldest.\nTradeoff analysis seems to have been first discussed by Benjamin Franklin in a 1772 letter to Joseph\nPriestley. I will not attempt to improve on Franklin's prose and will therefore quote his entire letter.\u003cbr\u003e\u003cbr\u003e\"London, Sept. 19, 1772\u003cbr\u003e\u003cbr\u003eDear Sir,\u003cbr\u003e\u003cbr\u003eIn the affair of so much importance to you, wherein you ask my advice, I cannot, for want of sufficient\npremises, advise you what to determine, but if you please I will tell you how. When those difficult cases\noccur, they are difficult chiefly because while we have them under consideration, all the reasons pro and\ncon a re not present to the mind at the same time; but sometimes one set present themselves, and at other\ntimes another, the first being out of sight. Hence the various purposes or inclinations that alternatively\nprevail, and the uncertainty that perplexes us. To get over this, my way is to divide half a sheet of paper\nby a line into two columns; writing over the one Pro, and over the other Con. Then during three or four\ndays' consideration, I put down under the different heads short hints of the different motives, that at\ndifferent times occur to me, for or against the measure. When I have thus got them all together in one\nview, I endeavor to estimate their respective weights: and where I find two, one on each side, that seem equal, I strike them both out. If I find a reason pro equal to some two reasons con, I strike out the three.\nIf I judge some two reasons con, equal to some three reasons Pro, I strike out the five; and thus\nproceeding I find at length where the balance lies; and if, after a day or two of further consideration,\nnothing new that is of importance occurs on either side, I come to a determination accordingly. And,\nthough the weight of reasons cannot be taken with the precision of algebraic quantities, yet when each is\nthus considered, separately and comparatively, and the whole lies before me, I think I can judge better,\nand am less liable to make a rash step, and in fact I have found great ad vantage from this kind of\nequation, in what may be called moral or prudential algebra.\u003cbr\u003e\u003cbr\u003eWishing sincerely that you may determine for the best, I am ever, my dear friend, yours most\naffectionately.\u003cbr\u003e\u003cbr\u003eB. Franklin\"","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758468465,"sku":"\\V02\\C05\\DEC.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_b41f2ea1-5c02-4079-8b77-e10d88fe38a2.jpg?v=1739651392"},{"product_id":"v02-c05-expo-pdf","title":"V.2:5 (182-183): Exponentially Smoothed Moving Averages by Donald R. Lambert","description":"Exponentially Smoothed Moving Averages\nby Donald R. Lambert\u003cbr\u003e\u003cbr\u003eIf you were to do a survey of all the many trading systems that are in common usage, it is very likely\nthat two calculation methods would be found to be leading the pack by a great margin. They are simple\nmoving averages (SMA) and exponentially smoothed moving averages (ESMA).\u003cbr\u003e\u003cbr\u003eMost texts involving ESMA's are sprinkled with phrases describing the choice of a particular smoothing\nfactor as being equivalent to a certain number of days' SMA, or weighted moving average (WMA).\u003cbr\u003e\u003cbr\u003eAside from differences due to there being two schools of thought on how to compute smoothing factors,\nsome people choose l and others choose 2\/(n + 1), where n is the number of days that the smoothing\nfactor is supposed to equate to, but there is another very important consideration. That is, the impact of an\nitem of data disappears completely from an SMA or WMA of n days on the (n + l)st day but never leaves\nan ESMA entirely.\u003cbr\u003e\u003cbr\u003eI would propose, therefore, that a different technique be used to choose ESMA smoothing factors. Rather\nthan use just an SMA number of days (by whichever scheme) to choose the factor, we should instead use\ntwo parameters. The first of these would be the percentage of original impact that we wish an item of\ndata to utilize in a time period, and the second to be the number of days in the time period that the\npercentage should relate to.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758501233,"sku":"\\V02\\C05\\EXPO.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_25819fb5-7082-4313-b4eb-8fb4c7ce6339.jpg?v=1739651395"},{"product_id":"v02-c05-mov-pdf","title":"V.2:5 (169-173): Moving Window Spectral Method: Price Forecasting With Cycles by A.D. Ridley, Ph.D.","description":"Moving WindowSpectral Method: Price\nForecasting With Cycles\nby A.D. Ridley, Ph.D.\u003cbr\u003e\u003cbr\u003eI would-like to introduce a new method of stock market forecasting with a practical application. The\nMoving Window-Spectral (MWS) method [1] takes advantage of the cyclical nature of stock, bond,\ncommodity and other prices to forecast prices. I've included an example to illustrate systematic\nestimation and forecasting, and a trading rule as well.\u003cbr\u003e\u003cbr\u003eTheory\u003cbr\u003e\u003cbr\u003eWhile the theory on which the following discussion is based is applicable to multivariate time series\nanalysis, trading an index, stock or commodity, is a univariate application. In univariate time series\nanalysis, only a single variable is examined. One price time series is all that is required for the\nexamination . I believe multivariate analysis is not likely to add very much to stock market analysis and\nforecasting. (Even if other explanatory variables were helpful, they would not be known to the trader. In\norder to be useful input, other variables must be known in advance. This is rarely possible.)\u003cbr\u003e\u003cbr\u003eUnivariate analysis does not implicitly deny the existence and relevance of other variables. Instead it is\nassumed that their effects are embedded in the time series. The emphasis then, must be on efficient\nmethods of extracting this imbedded information from the time series.\u003cbr\u003e\u003cbr\u003eThe Moving Window-Spectral (MWS) is a computer algorithm that takes advantage of the cyclical nature\nof the stock market to perform information extraction. The computer code performs two stages of\nexecution. In the first stage, a history of observations is examined, and the relationship between values in\ndifferent time periods calculated.\u003cbr\u003e\u003cbr\u003eThe relationships are represented as numerical parameters. In the second stage, these parameters are used\nto estimate future values from the time series. These estimates comprise the forecast on which the trader\nmay base decision-making.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758534001,"sku":"\\V02\\C05\\MOV.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f14fa9a1-8070-496b-93b9-2f38ca3592f2.jpg?v=1739651397"},{"product_id":"v02-c05-stock-pdf","title":"V.2:5 (158-163): Is The Stock Market Random? by Bill Dunbar","description":"Is The Stock Market Random?\nby Bill Dunbar\u003cbr\u003e\u003cbr\u003eProfessor Aikinheit of the Economics Department strokes the bottom of his mustache up out of the\nway, tips his martini glass and drains the last precious drops. \"Have another?\"\u003cbr\u003e\u003cbr\u003eJoe Grubber licks his upper lip and belches, \"Yeah!\"\u003cbr\u003e\u003cbr\u003eThe professor leans forward with fervent intensity. \"As I was saying, you take this drunk and turn him\nloose in the middle of a football field, right on the fifty yard line, see, then watch him stagger around. As\nhe lurches this way and that it's a good imitation of stock prices. If he staggers toward the east goal it's a\ngain, if he staggers west it's a loss, and if he stumbles toward the sidelines it's zero. It's called the Random\nWalk Hypothesis.\"\u003cbr\u003e\u003cbr\u003e\"That means I'll do better in the stock market if I stay drunk all the time.\"\u003cbr\u003e\u003cbr\u003e\"No it doesn't. It doesn't mean any such thing.\"\u003cbr\u003e\u003cbr\u003eJoe holds his cocktail glass up to the light and peers into its limpid soul as if expecting a revelation of\nsome ancient wisdom. \"Well, what the hell does it mean?\"","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758566769,"sku":"\\V02\\C05\\STOCK.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_aaef0d3d-c25a-4445-a4f7-0602e9181efe.jpg?v=1739651399"},{"product_id":"v02-c05-trad-pdf","title":"V.2:5 (164-166): Trading Stock Index Options by Paul A. Kazmierczak","description":"Trading Stock Index Options\nby Paul A. Kazmierczak\u003cbr\u003e\u003cbr\u003eThe Moving Window-Spectral method is a promising new technique of technical analysis. It is\nparticularly appealing because it analyzes historical data in terms of multiple wave functions, as opposed\nto the various trend approximations utilized by conventional methods of analysis. Mere visual inspection\nof historical data indicates the cyclical nature of the stock market. Conventional trend approximation\ntechniques are inappropriate to the task of forecasting turning points in a cyclical\nmarket.-Philosophically, a wave-function approach seems much more suited to the task of forecasting\ncyclical events.\u003cbr\u003e\u003cbr\u003eI am currently using STOCKER1, a computer software program, to successfully forecast over a dozen\nstock indices that have options trading. Examples of these indices are the Standard \u0026amp; Poors (SP100) and\nAmerican Stock Exchange (AMEX). In forecasting indices, I have found STOCKER1 to be an easy to\nuse and above all reliable means of identifying trading opportunities (see Reviews Technical Analysis\nMay\/June 1984). My weekly computer updating and forecasting of these indices can be completed in as\nlittle as two hours, alerting me well in advance of upcoming significant trading opportunities. A recent\nforecast on the AMEX Index provided me with the means for a very profitable trading opportunity.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758599537,"sku":"\\V02\\C05\\TRAD.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7813ce91-e2b8-4644-913c-43505900f727.jpg?v=1739651402"},{"product_id":"v02-c06-corn-pdf","title":"V.2:6 (197-201): CORNERSTONE OF TECHNICAL ANALYSIS: The Dow Theory by Timothy A. Maguire","description":"CORNERSTONE OF TECHNICAL\nANALYSIS:\nThe Dow Theory\nby Timothy A. Maguire\u003cbr\u003e\u003cbr\u003e\"The necessity of the times, more than ever, calls for our utmost circumspection, deliberation, fortitude,\nand perseverance.\" (Samuel Adams, 1771)\u003cbr\u003e\u003cbr\u003eHistorical Perspective\u003cbr\u003e\u003cbr\u003eCharles Henry Dow, founder and first editor of the Wall Street Journal, laid the foundations for\ntechnical analysis of stock trends over eighty years ago. During his thirteen year tenure as editor, from\n1889 to 1902, Dow based his observations of the stock market upon interactions between the market\naverages he is credited with inventing. Although today referred to as the granddaddy of all technical\nmarket studies, the Dow Theory began as a fragmented series of statements in the Journal, and it is\napparent Dow never intended for his thoughts to become the integrated set of principles it is today.\u003cbr\u003e\u003cbr\u003eThe fact that the Dow Theory developed into the most widely publicized theory concerning stock price\nmovements can largely be attributed to the work of two individuals, S.A. Nelson and William Peter\nHamilton, in the early years of this century. Nelson was the first to coin the term \"Dow Theory\", in his\n1903 book The ABC of Stock Speculation. In the book, Nelson-who was a close acquaintance of Charles\nDow-combined the varied opinions espoused by Dow in his editorials into a reasonably concise summary\nof the Theory.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758632305,"sku":"\\V02\\C06\\CORN.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_3e5d9cfe-1365-4b7b-b169-fe11a43ff87e.jpg?v=1739651404"},{"product_id":"v02-c06-fin-pdf","title":"V.2:6 (221-223): Financial Futures by John Sweeney","description":"Financial Futures\nby John Sweeney\u003cbr\u003e\u003cbr\u003eWhen you're on top, don't believe it.\u003cbr\u003e\u003cbr\u003eThere's nothing like winning to upset your equilibrium. You can winand still lose. This article is a\nblow-by-blow account of two trades that were unrelated but, through me, managed to befoul each other. I\nstill think back on these events with anguish. \"I was right!\" I keep telling myself. But in the end, I went\nwrong and, since this series is about novices' mistakes, I'll tell you the story. It may do you some good, it\nhas me.\u003cbr\u003e\u003cbr\u003eThink back to late 1983. What's happening in the financial complex? Well, bonds are backing and filling\nwhile bills rise steadily and the Euro-currencies are off on a declining tangent of their own. The\nDeutschemark, in particular, was bothering me because it wasn't obediently following U.S. interest rates.\nAfter October 1, it seemed bent on destroying my 90%+ correlation with T-Bills and heading for the\ncellar.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758665073,"sku":"\\V02\\C06\\Fin.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_406acff5-5433-4e65-b275-cb84918bf256.jpg?v=1739651406"},{"product_id":"v02-c06-for-pdf","title":"V.2:6 (189-196): Forecasting With Maximum Entropy by Jack K. Hutson and Anthony W. Warren, Ph.D.","description":"Forecasting With Maximum Entropy\nby Jack K. Hutson and Anthony W. Warren, Ph.D.\u003cbr\u003e\u003cbr\u003eThe most obvious ability that stock or commodity buyers and sellers wish for is foresight. If there was\na method or technique that we could use to predict what tomorrow will bring in the market, all our\nproblems would be solved. There are people everywhere that believe one prediction method or another\nhas some validity in forecasting market behavior. I will not claim to know a method that is better than\neveryone else's nor claim that our method is better than all others. But, I will say, \"This forecasting\nmethod is statistically consistent with past price history\"!\u003cbr\u003e\u003cbr\u003eForecasting based on past price data can be very enlightening or can be disappointing. There is always\nenough history to draw some conclusion about probable future stock price activity. The best of forecasts\nwill have some degree of uncertainty. Maximum Entropy Method forecasts, with our computer\nimplementation, are as good as can be expected, based soley on past price information. The amount of\ndata used to forecast must be chosen with some care and common sense.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758697841,"sku":"\\V02\\C06\\FOR.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c54ab6b1-7dd5-43ca-aa75-de0da7b2ebd3.jpg?v=1739651409"},{"product_id":"v02-c06-invest-pdf","title":"V.2:6 (212-216): Investment Software Benefits by Gerald Frankel","description":"Investment Software Benefits\nby Gerald Frankel\u003cbr\u003e\u003cbr\u003eIs there a computer system for the professional technical analyst? In this article, we will take a candid\nlook at a typical technical analyst's experiences with computers and software.\u003cbr\u003e\u003cbr\u003eFinding a computer system that will do what you wantand maybe a few things you haven't thought of\nyetis something like buying a car or stereo. You're dazzled by all the things it promises to do, but if\nyou wait a while the next model promises to be even Jazzier.\u003cbr\u003e\u003cbr\u003eBoth fear of computers and an unrealistic faith in their worldly powers can frustrate an analyst's efforts to\nexpand his or her analytical powers with timely data and reporting capabilities. Tom Dowse reports that\nhe has overcome his own initial anxiety about working with computers and has acquired a valuable\nperspective of what he can expect. Generally, his experience seems to show that a range of software is\nreally needed to accomplish the volume of data processing, analyzing, and reporting functions required to\nserve his clients and manage their investment portfolios.\u003cbr\u003e\u003cbr\u003eBunje Dowse \u0026amp; Corp., San Francisco, provides comprehensive services in financial and investment\nmanagement. Dowse is a technical analyst whose credentials include degrees of JD (law), CPA, MBA\n(business). He directs the strategic economic planning services offered to Bunje Dowse clients and\nmanages marketable securities through an affiliate, Dowse Securities Management Corp. The analyst's\nbusiness experience includes private law practice and several years with Price Waterhouse \u0026amp; Company\nas a tax specialist. Dowse is also co-founder of Bank of America's Executive Financial Counseling\nService.\u003cbr\u003e\u003cbr\u003eSharing some of the experiences of Dowse, both a technical analyst and financial consultant, might be\nhelpful in formulating your own computer needs, avoiding costly guesswork and prevent a few bad\ninvestments.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758730609,"sku":"\\V02\\C06\\INVEST.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2d82fe1b-3ac2-4067-95b4-734135859d93.jpg?v=1739651412"},{"product_id":"v02-c06-mom-pdf","title":"V.2:6 (209-211): Momentum Indicators and Market Cycles by John Nicholas","description":"Momentum Indicators and Market Cycles\nby John Nicholas\u003cbr\u003e\u003cbr\u003eThe techniques used for stock and commodity analysis range from the naively simple to the stunningly\ncomplex. Some are based on sound mathematical and philosophical principles while others border on\nwitchcraft. This article discusses one major indicator and how it relates to price movement.\u003cbr\u003e\u003cbr\u003eWe often hear the markets described as \"overbought\" or \"oversold\". Usually \"oscillators\" are used to help\ndefine these conditions. These same \"oscillators\" were called \"momentum\" by Larry Williams. In\nstatistics, they are termed \"moving percentages\", \"rate-of-change\", or \"differencing\". All of these terms\nrefer to basically the same mathematical procedure. We will use the term \"differencing\" for the remainder\nof the article.\u003cbr\u003e\u003cbr\u003eAs the name implies, differencing involves subtraction, specifically the subtraction of a price some\nnumber of days in the past from the most recent price. If each day we were to subtract the closing price of\nsome commodity ten days in the past from today's price we would be differencing over a ten day interval.\nThe number we would calculate would be both positive and negative and would tend to move from one\nextreme, through zero, and the other extreme, up and down in a rather regular pattern. The interval that is\nused in differencing is very important. In order to illustrate how the length of the interval effects the\nbehavior of this indicator, we'll apply various intervals of differencing to one data set.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758763377,"sku":"\\V02\\C06\\MOM.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_485a208d-48b5-4b4e-9be8-302ac89c71be.jpg?v=1739651414"},{"product_id":"v02-c06-sidebt-pdf","title":"V.2:6 (212-216): SIDEBAR: Trend again? by Jesse H. Thompson","description":"Trend again?\nby Jesse H. Thompson\u003cbr\u003e\u003cbr\u003eIf you look closely at the method and approach ascribed to such market masters as Dow, Wyckoff,\nLivermore, Gann, Dunnigan and Jackson, you find trend stated as a primary consideration in all of their\nmarket operations. A philosophy which has as its emphasis the definition of trend and its goal as trading\nin harmony with trend, carries with it the great advantage of probability. The momentum of an\nestablished trend is not an advantage to be overlooked.\u003cbr\u003e\u003cbr\u003eFranklin P. Jackson typifies this attitude in his 1951 course The Golden Harvest:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758796145,"sku":"\\V02\\C06\\SIDEBT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_33888952-ea3e-4718-9c73-793d0b6371ad.jpg?v=1739651416"},{"product_id":"v02-c06-spec-pdf","title":"V.2:6 (207-208): Speculation Philosophies by Jesse H. Thompson","description":"Speculation Philosophies\nby Jesse H. Thompson\u003cbr\u003e\u003cbr\u003e\"A great thorough-going man does not confine himself to one school, but combines many schools, as well\nas reads and listens to the arguments of many predecessors, thereby slowly forming a style of his own...,\" Kuo Hsi, artist-priest, 11th Century China\u003cbr\u003e\u003cbr\u003eToday's overcapacity in processing information fuels great opportunity in many ways, but where\nreward treads, risk follows. And from the vantage point of the speculator, risk deserves the greater focus\nbecause it is human nature to focus on reward with too little attention on risk. The old adage, \"Take care\nof your losses and your profits will take care of themselves,\" invokes a risk-focus instead of the\nreward-focus, commonly entertained by most market participants. One risk of an overcapacity to process\ninformation is the disrepute of enduring principles. Enduring principles by their very nature are\nindomitable, though capable of addition and expansion to obtain a greater polish, they remain invincible.\u003cbr\u003e\u003cbr\u003eDickson Watts, a speculator from the late 1800's said: \"Learn principles. The facts will then fall into their\nproper relations and connections.\"\u003cbr\u003e\u003cbr\u003eWithout the learning of principles, our ability to progress as students of market behavior is slackened.\nLet's examine a few principles yielding from dusty bookshelves:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758828913,"sku":"\\V02\\C06\\SPEC.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6d02f202-e599-44b7-9f0e-64830b89c033.jpg?v=1739651419"},{"product_id":"v02-c06-stock-pdf","title":"V.2:6 (202-206): Stock Market Business Cycle by Bill Dunbar","description":"Stock Market Business Cycle\nby Bill Dunbar\u003cbr\u003e\u003cbr\u003eBottom fishing should be peaceful. If you're a bottom fisherman you like to recline in an open boat in\nthe cool of the morning or sit with your back against a mossy bank in the gathering dusk and watch the\nleaves drift by.\u003cbr\u003e\u003cbr\u003eSure, you want to catch fish, but not the athletic kind that makes it a big exercise. Too much bother.\nChasing high flyers and hot tips is for the jocks who think it's great kicks to pitch around on the brimy,\ntrolling for marlin.\u003cbr\u003e\u003cbr\u003eTrue, you can't make money in the stock market without experiencing some anxiety but you'll probably\ndo better and enjoy it more if you can keep the sweating and stomach churning to a minimum. You will\nalso have more time to drink, carouse and chase women (or dream about it). That doesn't mean you can\nignore your investments, but checking a list of stocks once a week is not the same as biting your\nfingernails to the quick, agonizing over decisions to buy, sell, place stop losses, etc. If you buy a stock at\nthe bottom or near enough to the bottom, then time is on your side. Soon a year will be up and if you\nhave a capital gain you can take it without cursing the IRS, or at least not as roundly.\u003cbr\u003e\u003cbr\u003eI have found, in my own case, that while in a state of anxiety over one or more issues my actions are\nstrongly motivated by the desire to relieve tension. As a result I am prone to make decisions that are\nprofitable only to my broker.\u003cbr\u003e\u003cbr\u003eThe study I am reporting herein all started shortly after the end of the last bull market. At the beginning\nof this year it took a while for me to admit to myself that the party was over but I finally did and got out\nof most of my portfolio at a profit.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133758861681,"sku":"\\V02\\C06\\STOCK.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_968b7422-664e-4ad6-ada8-a2a39aa95729.jpg?v=1739651422"},{"product_id":"v2414lettote","title":"V. 2:4 (146-147): Letters to Technical Analysis","description":"Letters to Technical Analysis\u003cbr\u003e\u003cbr\u003eDear Dr. Warren:\u003cbr\u003e\u003cbr\u003eRecently I purchased a book, Digital Foundations of Time Series Analysis, by Robinson and Silvia, that\ntouches upon the Maximum Eutropy Method (MEM). As much as I want to understand I the basics, my\ncollege training doesn't give me the advanced mathematical concepts needed to fully appreciate what the\nauthors try to explain. For this reason, I am grateful for your series on the MEM applied to spectral\nanalysis and forecasting. It has already clarified a few basic ideas, for which I thank you. The MEM\nappears to be an elegant and powerful analytic tool, and I look forward to building the core programs that\ncan execute on my TRS 80, Model I microcomputer.\u003cbr\u003e\u003cbr\u003eThere is one equation that you introduce, the Final Predictive Error (FPE), that I am perplexed by. FPE is\ngiven as FPE(M) = (N+M)*P(M)N-M). I believe the variance for the time series of order M is\nP(M)\/(N-M), which is related to the statistical standard deviationa measure of error.\u003cbr\u003e\u003cbr\u003eI don't understand why the FPE is equivalent to the variance multiplied by (M+N) as the selection\ncriterion. I would think that it should be sufficient to find the local minima for the variance as a function\nof order or the number of lags used. Apparently, multiplication of the variance by (M+N) makes a\ndifference, but I don't understand why. Could you find the time to send me a brief explanation?\u003cbr\u003e\u003cbr\u003eAs an applied mathematics consultant, Dr. Warren, perhaps you've published books, handbooks, or notes\nthat can better explain this and other tools without getting much more technical than the notations in your\narticle. I can follow your terminology, and would like the opportunity to buy your published works. You\nmay be able to broaden my understanding of time series analysis and its application, for which I would be\ngrateful.\u003cbr\u003e\u003cbr\u003eSincerely,\u003cbr\u003e\u003cbr\u003eD.U., Warren,\nMI\u003cbr\u003e\u003cbr\u003eDear D. U.,\u003cbr\u003e\u003cbr\u003eThank you for your recent letter commenting on the MEM articles published in the January and March\n1984 issues of Technical Analysis. It is nice to hear from a reader now and then, to gain some insight on\nreader perceptions and comprehension of such technical analysis articles.\u003cbr\u003e\u003cbr\u003eRegarding your question on the selection of the FPE criterion, I am enclosing a technical paper which\nmore fully describes the MEM methodology, and summarizes and development of the FPE order\nselection criteria. In brief, the FPE criteria is based on minimizing the expected prediction error\nvariance. This quantity is the sum of an error variance due to forecasting, and an error variance due to\nincorrect estimation of the prediction coefficients. The sample variance due to forecasting is\napproximately\u003cbr\u003e\u003cbr\u003e(1) V = P(M) \/ (N-M),\u003cbr\u003e\u003cbr\u003eas noted in your letter. Akaike showed that the total error variance, including that due to errors in\nestimating the preditor coefficients, is approximately given by","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133906383217,"sku":"\\V02\\C04\\LETTER.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_cc796a94-90d4-40fd-81f8-434821bfb9c6.jpg?v=1739656387"},{"product_id":"v2117ganibyg","title":"V. 2:1 (17-19): Ganntrader I by George M. Edwards, Jr.","description":"Ganntrader I\nby George M. Edwards, Jr.\u003cbr\u003e\u003cbr\u003eProgram and User Guide: Peter A. Pich\u003cbr\u003e\u003cbr\u003ePublished by: Gannsoft Publishing Co.\u003cbr\u003e\u003cbr\u003e311 Benton St.\u003cbr\u003e\u003cbr\u003eLeavenworth, WA 98826\u003cbr\u003e\u003cbr\u003eDistributed by: Lambert-Gann\u003cbr\u003e\u003cbr\u003eP.O. Box 0\u003cbr\u003e\u003cbr\u003ePomeroy, WA 99347\u003cbr\u003e\u003cbr\u003e(509) 843-1094\u003cbr\u003e\u003cbr\u003ePrice: $398.00 Version 1.2B\u003cbr\u003e\u003cbr\u003eSUMMARY: Ease of Use: A\u003cbr\u003e\u003cbr\u003eDocumentation: A\u003cbr\u003e\u003cbr\u003eReliability:\u003cbr\u003e\u003cbr\u003eA-Error Handling: B\u003cbr\u003e\u003cbr\u003eVendor Support: A+\u003cbr\u003e\u003cbr\u003eUsefulness\/Price Ratio: A\u003cbr\u003e\u003cbr\u003eHardware Requirements: APPLE II, II+, IIe Franklin\nOne Disk Drive, at least\u003cbr\u003e\u003cbr\u003ePrinter: Dot Matrix (Epson, IDS, C.Itoh Prowriter and APPLE Dot Matrix)\u003cbr\u003e\u003cbr\u003eIt is rare that one has the opportunity to use software which, because of its excellence, brings smiles and\nfeelings of real satisfaction to the user and whoever may be observing the operation. This package is one\nof those very rare ones! It helps if the user is a 'student' of Gann trading methods, but that is not\nabsolutely necessary. This software was created by a commodity trader, a student of Gann and an\naccomplished computer programmer. This most unusual creative combination furnishes for the first time\na comprehensive package of graphics and number crunching aimed directly at Gann traders. Had this\nsoftware package been available three years ago when I purchased the Gann Commodity Trading Course\nand subsequently attended one of the first of Billy Jones' Gann Seminars, much frustration and wasted time could have been avoided. Perhaps this program should be required material for anyone\ncontemplating the study of Gann methods!","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133910053233,"sku":"\\V02\\C01\\GANN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6ea64fb3-fe7e-440f-b542-bbc8ee50060b.jpg?v=1739656597"},{"product_id":"v2128commytr","title":"V. 2:1 (28-34): Compu-Tracâ My Trading Partner! by Harry Shirding","description":"Compu-Trac(R)\nMy Trading Partner!\nby Harry Shirding\u003cbr\u003e\u003cbr\u003eSoftware Review: Compu-Trac (R)\u003cbr\u003e\u003cbr\u003ePublished and Distributed by:Compu Trac, Inc.\u003cbr\u003e\u003cbr\u003eP. O. Box 15951\u003cbr\u003e\u003cbr\u003eNew Orleans, LA 70175\u003cbr\u003e\u003cbr\u003eU.S.A.\u003cbr\u003e\u003cbr\u003e(504) 895-1474\u003cbr\u003e\u003cbr\u003e(800) 538-7990\u003cbr\u003e\u003cbr\u003ePrice: Apple (R) Version $1899.00 Version 4.1 Annual Fee $200.00\nIBM PC (R) Version $1100.00 Annual Fee $150.00\nNot as complete as Apple version\u003cbr\u003e\u003cbr\u003eSummary: Ease of Use: B\u003cbr\u003e\u003cbr\u003eDocumentation:\u003cbr\u003e\u003cbr\u003eC-Reliability: B-Error Handling: B\u003cbr\u003e\u003cbr\u003eVendor Support:\u003cbr\u003e\u003cbr\u003eC-Usefulness\/Price Ratio: C\u003cbr\u003e\u003cbr\u003eHardware Requirements: Apple II+, IIe or Franklin Ace(R) 2 disk drives, monitor, D. C. Hayes modem, graphics printer \u0026amp; interface, joystick\u003cbr\u003e\u003cbr\u003e: IBM PC,\n2 disk drives, 192K memory, color board, graphics printer \u0026amp; parallel interface, asynchronous\ncommunication card, D.C. Hayes stack modem\u003cbr\u003e\u003cbr\u003eCompuTrac is a stocks and commodities trading analysis package that, among other things,\u003cbr\u003e\u003cbr\u003e gives the purchaser phone access to daily market data\u003cbr\u003e\u003cbr\u003e includes a variety of trading \"studies\" software (such as moving average, stochastic, point \u0026amp; figure),\u003cbr\u003e\u003cbr\u003e offers a variety of analysis tools to help analyze and organize data, and\u003cbr\u003e\u003cbr\u003e creates charts to illustrate analyzed data.\u003cbr\u003e\u003cbr\u003eAlthough this program does not guarantee success, it has done more to put consistency in my trading than\nany other single factor. I believe any one study that a trader can dream up will work on the average about\nfifty to sixty percent of the time. It is, therefore, important to find your trading personality and\nrisk-bearing ability, and then to put together a group of trading studies that collectively can become a\nprofitable trading partner for you, both monetarily and psychologically. I believe that CompuTrac can\nhelp you evaluate which modules will make your trading more profitable.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133924209009,"sku":"\\V02\\C01\\COMPT.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6a60b718-e46b-4252-b1cf-55313edbfd5e.jpg?v=1739657551"},{"product_id":"v2621revchar","title":"V. 2:6 (217-220): Reviews: CHART AND ADVISORY NEWSLETTER REVIEW","description":"CHART AND ADVISORY NEWSLETTER REVIEW:\u003cbr\u003e\u003cbr\u003eHAL\nby Harry Schirding\u003cbr\u003e\u003cbr\u003eHAL Advisory and Chart Services\nHAL Market Cycles 1\n2020 East Prince Road\nTucson, AZ 85719\n(602) 795-3061\n(800) 325-5855\nOne Year- $650\nSix Months- $350\u003cbr\u003e\u003cbr\u003eHAL Market Cycles is a combined weekly chart service and market letter that is a direct reflection of\nthe trading philosophy of its founder, Walter J. Bressert. The newsletter is structured to provide current\ncyclic and technical market. information as of the close on Thursday of each week. It is then printed and\nin the mail so that most subscribers will receive it before the beginning of a new trading week on\nMonday. This maneuver produces timely charts as well as accurate cyclic timing for trades and all\nimportant money management advice.\u003cbr\u003e\u003cbr\u003eIncluded in HAL's initial mailing are several short articles that help to provide the trader with an\nexplanation of methods that are used by Bressert. Timing entry and exit of trades, by HAL\nrecommendation, forces you to wait for the market to tell you when it is ready to go up or down. This\napproach assumes that you have the technical advice necessary to determine when tops or bottoms will\noccur and (probably the most important part) the discipline to follow the rules. To quote one of these\narticles Bressert says \"Successful Commodity trading is a combination of:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133927715185,"sku":"\\V02\\C06\\REV.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_419a6161-4db6-458f-9ad7-5d4aca8fe559.jpg?v=1739657798"},{"product_id":"v2394sidfor","title":"V. 2:3 (94-97): SIDEBAR: FORMULAS","description":"FORMULAS\u003cbr\u003e\u003cbr\u003e\"K regular \"= ...\u003cbr\u003e\u003cbr\u003eTo produce the slow version of the stochastic the formula for the \"%D\" is modified as follows:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133967855985,"sku":"\\V02\\C03\\SIDEBS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7f06ab53-b978-4c7a-812a-5885212feaef.jpg?v=1739659336"},{"product_id":"v2516stocosp","title":"V. 2:5 (167-168): Stochastic Oscillator Program for the HP-41C(V) by Dr. Charles F. Johnson, M.D.","description":"Stochastic Oscillator Program for the HP-41C(V)\nby Dr. Charles F. Johnson, M.D.\u003cbr\u003e\u003cbr\u003eThe Stochastic Oscillator, an indicator of overbought and oversold conditions for a set of data, is based\non a relationship between closing price and high\/low price in rising\/falling price movements. I have\nfound the HP-41 C(V) an ideal system to calculate the regular stochastic and smoothed (\"slow\")\nstochastic as outlined by Harry Schirding in \"Stochastic Oscillator\", May\/June 1984 issue of Technical\nAnalysis of Stocks and Commodities.\u003cbr\u003e\u003cbr\u003eUsing the program listing which I have included, you can key the program into the 41-C(V) memory\n(refer to manufacturer's manual for details of operation.)\u003cbr\u003e\u003cbr\u003ePrograms can be saved on magnetic cards for future use with a card reader which attaches to the top of\nthe unit. Either one of the two types of thermal printers which are available for the system may be used to\nprovide a hard copy of the data input and stochastic output.\u003cbr\u003e\u003cbr\u003eTo run the program, after loading it, simply press the R\/S key. This results in a statement of the data\nregister \"size\" required (refer to manual) and a prompt for the \"name\" of your data.\u003cbr\u003e\u003cbr\u003eAfter entering the name press the R\/S key. When \"0.0000\" shows in the view screen you are ready to\nproceed with the next step.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133989155185,"sku":"\\V02\\C05\\STOC.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f9d931b1-2e01-45dd-8d97-5bce97bf7ad3.jpg?v=1739660756"},{"product_id":"v2281lettote","title":"V. 2:2 (81-81): Letters to Technical Analysis","description":"Dear Jack:\u003cbr\u003e\u003cbr\u003eI enjoy the publication very much. Please find enclosed renewal. I look forward to articles on Maximum\nEntropy. Please include a program on this that will run on Compu-Trac, if possible.\u003cbr\u003e\u003cbr\u003eWould you also consider an article and a program on equivolume charting?\u003cbr\u003e\u003cbr\u003eYour programs on the disk run very well and are very useful. Please let me know how I can modify TRIX\n#40 (STUDY.40) so it will run without user inputs so I can use it in procedures. I want to put the inputs\nright into the program.\u003cbr\u003e\u003cbr\u003eThanks for the help,\u003cbr\u003e\u003cbr\u003eD.D.H.\u003cbr\u003e\u003cbr\u003eRedwood Falls, MN\u003cbr\u003e\u003cbr\u003eDear D.D.H.,\u003cbr\u003e\u003cbr\u003eThe Maximum Entropy computer program (actually two sub-routines) will run within the Compu-Trac\nsystem. This will not be very user friendly because of Compu-Trac graphic, variable and memory\nconstraints. The program will be about as much work to run and interpret as our Fourier spectrum\nanalysis routine.\u003cbr\u003e\u003cbr\u003eThe easiest way to get Compu-Trac compatable subroutines is to order our year end Volume 1 disk\n(Apple II+ or IIe only). Our published routines try not to rely on Compu-Trac unique BASIC commands.\u003cbr\u003e\u003cbr\u003eTo use our subroutines in a Compu-Trac automatic procedure (i.e. unattended) all input must be through\nthe use of a Compu-Trac GOSUB 100. This routine does more than just get input, it also stores and\/or\nretrieves keystrokes from a text string Generally this means all you have to do is replace our input\nroutine (GOSUB 1165 in this case) with GOSUB 100.\u003cbr\u003e\u003cbr\u003ePlease send us a little information about your 'equivolume' charting, the term is not synonymous with\njust one technique.\u003cbr\u003e\u003cbr\u003eThe Editor","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134011339121,"sku":"\\V02\\C02\\LETTER.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8047fb00-855d-4238-a9db-3241fcb27dec.jpg?v=1739662205"},{"product_id":"v2618sidprog","title":"V. 2:6 (189-196): SIDEBAR: Programming conventions for BASIC Technical Analysis subroutines:","description":"Programming conventions for BASIC Technical Analysis subroutines:\u003cbr\u003e\u003cbr\u003eNO Input\/Output routine is provided, only a generic BASIC computational subroutine containing the fundamental technical analysis is provided. T his subroutine should, with only minor changes, work on any computer using the BASIC language.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134028280177,"sku":"\/V02\/C06\/SIDEBP.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_aa0b6bf1-71d2-44dc-ba64-2750ccb01715.jpg?v=1739663194"},{"product_id":"v2142lettote","title":"V. 2:1 (42-45): Letters to Technical Analysis","description":"Letters to Technical Analysis\u003cbr\u003e\u003cbr\u003eThis column is our means of communicating with our subscribers and serves as an outlet for questions\nand answers. Please feel free to write about anything that you would like to know more (or less) about or\npass along to the rest of us. We all run across trading techniques, services and products that have proven\nto be useful to some degree under different market conditions. Without a constant source of new ideas\nand subject matter coming from our readers, this magazine would not exist. Each issue is designed to\nhold at least one idea or clarify one subject that could justify your subscription cost.\u003cbr\u003e\u003cbr\u003eDear Jack,\u003cbr\u003e\u003cbr\u003eOne idea for a regular feature: I constantly get fliers for super razzle-dazzle systems that imply\nunbelievable rates of return and low risk. I always toss these. However, I'm sure many of your readers\nhave tried one or more of these systems. Are most of them pure hype, or are there really some great\nsystems being offered for sale? I'm sure a feature in which readers describe their experience with these\nsystems would be of great interest to many. Good luck.\u003cbr\u003e\u003cbr\u003eSincerely,\u003cbr\u003e\u003cbr\u003eJ.S. Ossining, NY\u003cbr\u003e\u003cbr\u003eDear J.S.,\u003cbr\u003e\u003cbr\u003eWe would welcome this sort of candid first hand information. As should be apparent, this magazine is\npaid for by the subscribers and not by advertising space ads. This almost eliminates any overhead\nadvertiser pressure on us to publish only the good words (about a product) and strike any disparaging\ncomments.\u003cbr\u003e\u003cbr\u003eThe Editor","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134042861937,"sku":"\\V02\\C01\\LETTER.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_029c7bd1-2a17-42cb-917f-2f0f50f12238.jpg?v=1739663753"},{"product_id":"v2413cormar","title":"V. 2:4 (136-140): Corner The Market","description":"Corner The Market\u003cbr\u003e\u003cbr\u003eMany instructive articles and major works in the field of technical analysis and speculation lie\nundisturbed on dusty back shelves, or have fallen into obscurity because they are no longer in print. As a\nunique feature of this magazine and in line with our continuing commitment to offer our readers\ninstructive or practical material we will be reprinting classic stories and articles on speculation and\ntechnical analysis culled mostly from private libraries. We feel this material, which is only available to\nour subscribers, will be of interest and value as we are all reaching for practical insights and principles\nwhich we can somehow employ in our analyses, programs and trading activities.\u003cbr\u003e\u003cbr\u003eThe following story is reprinted from the August, 1911 edition of The Ticker Magazine. The introductory\nparagraph was penned by Richard D. Wyckoff, Editor and Publisher of the magazine.\u003cbr\u003e\u003cbr\u003eThe Story of the World's Greatest Corner\u003cbr\u003e\u003cbr\u003eFor breadth of conception, audacity of execution, and for the magnitude of the interested, no deal in the\nhistory of speculative commodity markets ever equaled that run by Joseph Leiter in 1898 on the Chicago\nBoard of Trade. This young man, then under thirty, attempted to dictate the price of our chief breadstuff\nall over the worldfor a time he found it easy. Men of half a century's experience in the trade gave way\nbefore him and he saw millions of profits to his crediton paper. But man, proud man, dressed in a little\nbrief authority, is sadly subject to that insidious malady, a \"swelled head. \" Leiter forgot that, with all his\npower, he was merely a chip on the stream of events, and concluded that he was the stream.\u003cbr\u003e\u003cbr\u003eThe following article was written immediately after the close of the deal by a man intimately connected\nwith it who got much of his information at first hand. It has never before been printed. Even the plain\nfacts as related make a fascinating and instructive story.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134045876593,"sku":"\\V02\\C04\\CORN.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_740c5ba5-8a36-4909-b8f3-66092bd46fb8.jpg?v=1739663980"},{"product_id":"v2391sidprog","title":"V. 2:3 (91-93): SIDEBAR: Programming Conventions for BASIC Technical Analysis subroutines","description":"Programming Conventions for BASIC Technical\nAnalysis subroutines:\u003cbr\u003e\u003cbr\u003eNO Input\/Output routine is provided, only a generic BASIC computational subroutine containing the\nfundamental technical analysis is provided. This subroutine should, with only minor changes, work on\nany computer using the BASIC language.\u003cbr\u003e\u003cbr\u003eINPUT data {daily, weekly, monthly, etc.) must be provided by the user (i.e. YOU} in the following\nmatrix format: X(7,NUM) where\u003cbr\u003e\u003cbr\u003eNUM= Number of days in the Matrix","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134077759857,"sku":"\\V02\\C03\\SIDEBP.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_be259025-d7fc-4562-96fe-10721c2d979f.jpg?v=1739664864"},{"product_id":"v2517sidsid1","title":"V. 2:5 (174-180): SIDEBAR: SIDEBAR 1","description":"SIDEBAR 1\u003cbr\u003e\u003cbr\u003eRUN\u003cbr\u003e\u003cbr\u003eDECISION MAKER\u003cbr\u003e\u003cbr\u003eDECISION MAKER\u003cbr\u003e\u003cbr\u003eI CAN HELP YOU MAKE DECISIONS BY CHOOSING THE BEST POSSIBILITY FOR\nYOU OUT OF SEVERAL ALTERNATIVES. ALL I NEED TO DO IS ORGANIZE\nINFORMATION YOU ALREADY HAVE.\u003cbr\u003e\u003cbr\u003eWHICH OF THESE BEST DESCRIBES THE DECISION YOU HAVE TO MAKE?\u003cbr\u003e\u003cbr\u003e1- CHOOSE AN ITEM FROM SEVERAL ALTERNATIVES?\u003cbr\u003e\u003cbr\u003e2- CHOOSE A COURSE OF ACTION FROM SEVERAL ALTERNATIVES?\u003cbr\u003e\u003cbr\u003eWHICH TYPE (1 OR 2) DO YOU HAVE TO MAKE?\u003cbr\u003e\u003cbr\u003e2\nI WILL NOW NEED A LIST OF EACH COURSE OF ACTION THAT YOU ARE\nCONSIDERING. PLEASE INPUT THEM ONE AT A TIME. THE ORDER IS OF NO\nIMPORTANCE. (9 ITEMS MAXIMUM)\u003cbr\u003e\u003cbr\u003eHOW MANY ARE THERE ALTOGETHER?","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134088737137,"sku":"\\V02\\C05\\SIDEB.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_04b41c9e-4000-42d1-bd3a-fb2c2729ed43.jpg?v=1739665685"},{"product_id":"v2412sidprog","title":"V. 2:4 (123-129): SIDEBAR: Programming conventions for BASIC Technical Analysis subroutines:","description":"Programming conventions for BASIC Technical\nAnalysis subroutines:\u003cbr\u003e\u003cbr\u003eNO Input\/Output routine is provided, only a generic BASIC computational subroutine containing the\nfundamental technical analysis is provided. this subroutine should, with only minor changes, work on any\ncomputer using the BASIC language.\u003cbr\u003e\u003cbr\u003eINPUT data (daily, weekly, monthly, etc.) must be provided by the user (i.e., YOU) in the following\nformat:\u003cbr\u003e\u003cbr\u003eX(7,NUM) where","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134102958449,"sku":"\\V02\\C04\\SIDEBP.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8f800b0b-a3f5-4f44-9675-b0c14566e7c6.jpg?v=1739666682"},{"product_id":"v2414bookrev","title":"V. 2:4 (141-141): BOOK REVIEW: Commodity Market Money Management by John Sweeney","description":"BOOK REVIEW: Commodity Market Money\nManagement\nby John Sweeney\u003cbr\u003e\u003cbr\u003eCommodity Market Money Management\nby Fred Gehm\u003cbr\u003e\u003cbr\u003eJohn Wiley \u0026amp; Sons, 1983\u003cbr\u003e\u003cbr\u003eOne Wiley Drive\u003cbr\u003e\u003cbr\u003eSomerset, New Jersey.\u003cbr\u003e\u003cbr\u003ePrice: $37.95\u003cbr\u003e\u003cbr\u003eThere are really two sides to trading: the idea and the execution. The idea to trade, we get from a\nsystem or from our imagination. The management and execution of our activity (goal-setting, planning,\ncontrolling) is an area few pursue. Commodity Market Money Management covers this neglected side of\ntrading, and it's a long-overdue treatment. Properly seen, money management covers the entire program\nof trading, as well as integrating it with one's other financial activities. Thus, it supersedes and\nencompasses any one trade or series of trades. It is the master plan for making money, a plan that sets out\ngoals, acceptable means, constraints, measures and monitoring standards.\u003cbr\u003e\u003cbr\u003eNaturally, all of that is not what attracts us to speculation. However, all of it will get done in some fashion if we intend to remain active speculators. The odds against us, over time, are too great otherwise.\nThe trouble is that, until now, there's never been a practical approach to learning this, just an academic\none. I say this as one who has been through all the academic side of it.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134168625521,"sku":"\\V02\\C04\\BOOK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_66dccf5d-7d7d-4c69-bad2-b445cc235bd6.jpg?v=1739669897"}],"url":"https:\/\/shop.traders.com\/collections\/volume-2-1983-84\/issue-05.oembed","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}