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V.18:2 (56-63):Market Phase And Chart Formation by Chuck Dukas
V.18:2 (56-63):Market Phase And Chart Formation by Chuck Dukas
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Market Phase
And Chart
Formation
by Chuck Dukas
Some market behaviors are more common during some market phases than others. Take a look.
Certain chart formations are often associated with certain market phases. Each chart has a personality of its own,no two being alike, just as you and I have our own personalities. I assess the movement of stocks in four phases (accumulation,markup,distribution, and mark- down), and the crossing of the 50-period simple moving average (SMA) indicating an intermediate bullish or bearish trend exists. I use two periods of closing price above or below the 50-period SMA to confirm the move.
During the markup and distribution phases, prices must be above the 50-period SMA, whereas during the distribution and markdown phases, prices must be below. I associate buying with the accumulation and markup phases and selling with the distribution and markdown phases.
by Chuck Dukas
Some market behaviors are more common during some market phases than others. Take a look.
Certain chart formations are often associated with certain market phases. Each chart has a personality of its own,no two being alike, just as you and I have our own personalities. I assess the movement of stocks in four phases (accumulation,markup,distribution, and mark- down), and the crossing of the 50-period simple moving average (SMA) indicating an intermediate bullish or bearish trend exists. I use two periods of closing price above or below the 50-period SMA to confirm the move.
During the markup and distribution phases, prices must be above the 50-period SMA, whereas during the distribution and markdown phases, prices must be below. I associate buying with the accumulation and markup phases and selling with the distribution and markdown phases.
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