{"product_id":"v117compivan","title":"V.17:4 (175-185): Compound Pivots And Market Symmetry by William T. Erman","description":"Compound Pivots\nAnd Market Symmetry by William T. Erman\u003cbr\u003e\u003cbr\u003eMany traders see only simple symmetry such as a 20-week\nbottom-to-bottom move followed by another. Unfortunately,\nif indeed there is another 20-week cycle, it could very well\nturn out to be 18 weeks or 22 weeks instead of the anticipated\n20. Ermanometry, which was introduced to STOCKS \u0026amp; COM-MODITIES\nreaders in February 1999, considers a 20-day\nwindow, the four-week spread, to be of little help in todays\ncomplex markets. Compound pivots are measured in days\ninstead of weeks and take into account that markets are both\nvery precise and spherical in character. They can be used to\nreveal market symmetry in increments of days and to illustrate\nthe fact that successive identical moves in three-dimensional\nspace may appear noncontiguous on the plane. Here,\ncompound pivots and balance points, both tools used for\ndecoding the hidden symmetry of the markets according to\nErmanometry, are explained.\u003cbr\u003e\u003cbr\u003eIntermarket analysis and neural\nnetworks have popularized the\nadvantages of applying analytical\noutput from several markets\nto the analysis of just one.\nErmanometrys compound pivots\nconcept is another method\nof combining markets to generate\nmore accurate projections\nwhen used for timing analysis.\nFor example, there is a definite\nsymbiotic relationship between the critical paths of the Dow\nJones Industrial Average (DJIA) and Standard \u0026amp; Poors 500.\nA similar relationship exists between old-crop and new-crop\nagriculturals, different maturities in the financials, and in\nmost other market categories. Well use the DJIA and S\u0026amp;P to\nfirst look at the definition of compound pivots, and then well\nstudy some examples. Finally, well see how compound\npivots can be effective in projecting future pivots.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134151979377,"sku":"\\V17\\C04\\028COMP.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_69e5024e-d3b2-4385-91fa-fdfb2362ea9d.jpg?v=1739668981","url":"https:\/\/shop.traders.com\/products\/v117compivan","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}