Details
Contemporary Methods and Procedures
Beginning in the mid '70s and continuing through the early '80s, cyclic and seasonal analysis achieved great popularity among futures traders. Many past concepts have since been abandoned in favor of systems created by advanced programming and research. Yet today's techniques are often sophisticated versions of yesterday's methods. Reflecting the newest concepts and indicators in futures trading, this book provides an in-depth analysis of price cycles and repetitive patterns in the futures market. It provides timing tools for determining when prices have established cyclic lows and highs and reports on the current status and character of patterns in futures and cash market data. In addition, it examines the current reliability of historically established cyclical periods (i.e., 5.7-year cycles, 28-day cycles, and 9-to-11-month cycles) as well as new findings based on established data and activity in recently active markets. Also explored are new areas of cyclical research arising from advanced computer technology. Throughout, clear examples of all concepts are provided, while mathematical derivations have been kept to a minimum