There is a new center post formed in the above chart of the 10 minute DIA. The left side of the T begins as the old T ended.
Bought BGU @ 50.68
Sold Short BGZ @ 17.83
Charting the Application of T-Theory Market Analysis to Intra-day Charts of The Dow Jones Industrial Averages
There is a new center post formed in the above chart of the 10 minute DIA. The left side of the T begins as the old T ended.
It has been my experience over these many years that the Socratic method utilized in the inductive reasoning process produces far superior results in making stock market decisions. For this reason I am publishing my thoughts for review by my peers.
My involvement in securities markets began long before Technical Analysis entered the mainstream of security analysis so Ben Graham and 10-Q's guided my early years. I discovered the Over-the Counter options markets early on, well before the CBOE opened for business. I used a slide rule to calculate call option premiums and this was my first clue to the power of mathematics in security analysis. When I stumbled across the Black-Scholes formula, I was stumped and needed some help. I did suspect that in the land of the blind, the Black-Scholes formula would give sight to a trader among the blind. Over the years, I have studied both technical analysis and fundamental analysis with no real prejudice toward either. I found both paths of inductive reasoning to be essential in the pursuit of stock market profits.
2 comments:
I'm close to getting off the train.
Jim
Jim I got off at the close. See my next post. DC
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