IV524 technical analysis options strategies

Intermarket Technical Analysis Trading Strategies for the Global_1 potx

Intermarket Technical Analysis Trading Strategies for the Global_1 potx
... result, the concept of technical analysis is now evolving to take these intermarket relationships into consideration Intermarket technical analysis refers to the application of technical analysis ... only the market or markets we're trading Intermarket analysis represents an evolutionary step in technical analysis Intermarket work builds on existing technical theory and adds another step to the ... data Technical analysis is the preferred vehicle Heavy emphasis is placed on the futures markets Futures-oriented technical indicators are employed These premises form the basis for intermarket analysis...
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Intermarket Technical Analysis Trading Strategies for the Global_3 pptx

Intermarket Technical Analysis Trading Strategies for the Global_3 pptx
... by the trend of the commodity markets The inflationary impact of the commodity markets is largely determined by the trend of the U.S dollar Therefore, we begin our intermarket analysis with the ... the dollar preceded the 1986 bottom in the CRB Index by 17 months The 1988 bottom in the dollar preceded the final peak in the CRB Index by six months How, then, does the chartist deal with these ... with the dollar The path to take is from the dollar to the commodity markets, then from the commodity markets to the bond market, and finally from the bond market to the stock market THE DOLLAR MOVES...
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Intermarket Technical Analysis Trading Strategies for the Global_4 ppt

Intermarket Technical Analysis Trading Strategies for the Global_4 ppt
... futures Figure 6.10 shows the sharp rally in T-bill prices that began in the spring of 1989, which was the beginning of the end for the bull run in the dollar THE DOLLAR VERSUS THE STOCK MARKET It ... rising for several months, pulling the dollar higher Over the summer both the dollar and stocks began to weaken THE DOLLAR VERSUS THE STOCK MARKET 87 FIGURE 6.11 THE U.S DOLLAR VERSUS THE DOW ... DROPPING TOGETHER DURING AUGUST AND OCTOBER, THEY BOTTOMED TOGETHER DURING THE FOURTH QUARTER OF THAT YEAR Stocks versus the Dollar 1987 THE DOLLAR VERSUS THE STOCK MARKET 89 FIGURE 6.13 THE DOLLAR...
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Intermarket Technical Analysis Trading Strategies for the Global_5 docx

Intermarket Technical Analysis Trading Strategies for the Global_5 docx
... Index, and the Consumer Price Index THE CRB INDEX VERSUS THE PPI AND THE CPI The moral seems to be this: For longer-range intermarket analysis, the CRB Index is superior to either the metals ... or oil However, there are short periods when either of these two markets, or both, will play a dominant role in the intermarket analysis Therefore, it's necessary to monitor the gold and oil ... in the CRB Index, which signaled the end of the disinflation of the early 1980s, led the upturn in the CPI by five months What these statistics, and the accompanying charts suggest, is that the...
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Intermarket Technical Analysis Trading Strategies for the Global_6 pdf

Intermarket Technical Analysis Trading Strategies for the Global_6 pdf
... 1987 TOP IN THE S&Ls MIRRORED A SIMILAR BOTTOM IN THE CRB INDEX THE MID-1988 PEAK IN THE CRB HELPED LAUNCH THE S&L RALLY THE PEAK IN THE S&Ls IN THE AUTUMN OF 1989 COINCIDED WITH THE BREAKING ... in the CRB Index The third trough (the "right shoulder") in the CRB Index in the spring of 1987 coincides with the middle peak (the head) in the S&Ls The "right shoulder" in the S&Ls in August ... companies The basic premise is the same; Namely, that there is a strong relationship between the price of oil and oil shares To a complete technical analysis of one, it is necessary to a technical analysis...
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Intermarket Technical Analysis Trading Strategies for the Global_7 pptx

Intermarket Technical Analysis Trading Strategies for the Global_7 pptx
... rallies in the CRB Index The final top in the Dow Utilities and the final peak in the bonds in early 1987 coincided with a trough in the CRB Index The breakdown in the two financial markets in the spring ... relative-strength analysis as a technical trading tool First, another confirming technical indicator is created on the price chart If technical traders see a breakout on their price chart or some technical ... lower chart The time span on all the charts is 100 trading days The relative ratio simply divides the group index in question by the CRB Index Chart analysis can then be applied to the group index...
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Intermarket Technical Analysis Trading Strategies for the Global_8 docx

Intermarket Technical Analysis Trading Strategies for the Global_8 docx
... many times before, the inverse relationship of commodity prices to bond prices is the most consistent and the most important link in intermarket analysis The use of ratio analysis is another useful ... gold as their commodity proxy, I'll show where the yellow metal fits into the picture Because the bond market plays a key role in the business cycle and the the intermarket rotation process, the ... concentrated in the weakest commodities in the weakest groups The trend of the relative ratio is crucial The best way to determine this trend is to apply standard chart analysis to the ratio itself The ratio...
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Intermarket Technical Analysis Trading Strategies for the Global_9 docx

Intermarket Technical Analysis Trading Strategies for the Global_9 docx
... type of analysis Intermarket analysis simply adds another step to the process and provides a more useful framework for understanding analysis of the individual sectors For the past century, technical ... should be taken into consideration Technical analysis is the preferred vehicle for intermarket work Intermarket analysis adds a new dimension to technical analysis The four key sectors are currencies, ... didn't exist in these other markets How then we explain their collapse? If index arbitrage caused the collapse in New York, what caused the collapse in the other markets around the globe? A dramatic...
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Intermarket Technical Analysis - Trading Strategies docx

Intermarket Technical Analysis - Trading Strategies docx
... concept of technical analysis is now evolving to take these intermarket relationships into consideration Intermarket technical analysis refers to the application of technical analysis to these intermarket ... the Discount Rate THE "THREE-STEPS-AND-A-STUMBLE" RULE Another manifestation of the relationship between interest rates and stocks is the so-called "three-steps-and-a-stumble rule." This rule states ... Rates and Stocks 56 74 Library of Congress Cataloging-in-Publication Data Commodity Indexes Murphy, John J Intermarket technical analysis: trading strategies for the global stock, bond, commodity,...
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Intermarket Technical Analysis - Trading Strategies doc

Intermarket Technical Analysis - Trading Strategies doc
... concept of technical analysis is now evolving to take these intermarket relationships into consideration Intermarket technical analysis refers to the application of technical analysis to these intermarket ... the Discount Rate THE "THREE-STEPS-AND-A-STUMBLE" RULE Another manifestation of the relationship between interest rates and stocks is the so-called "three-steps-and-a-stumble rule." This rule states ... between stocks, bonds, commodities, and currencies Intermarket Technical Analysis explores the art and science of technical analysis at its state-of-the-art level It's for all traders and investors...
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Intermarket Technical Analysis - Trading Strategies Part 1 pot

Intermarket Technical Analysis - Trading Strategies Part 1 pot
... Stocks 17 3 11 Relative-Strength Analysis of Commodities 18 6 12 Commodities and Asset Allocation 206 13 Intermarket Analysis and the Business Cycle 225 14 The Myth of Program Trading 240 15 A New ... index ISBN 0-4 7 1- 5 243 3-6 (cloth) Investment analysis Portfolio management I Title II Series HG4529.M86 19 91 332.6-dc20 9 0-4 8567 International Markets 12 2 Stock Market Groups 14 9 10 The Dow Utilities ... concept of technical analysis is now evolving to take these intermarket relationships into consideration Intermarket technical analysis refers to the application of technical analysis to these intermarket...
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Intermarket Technical Analysis - Trading Strategies Part 3 ppt

Intermarket Technical Analysis - Trading Strategies Part 3 ppt
... short- and long-term rates from 1985 to 1989 The chart shows that long-term yields are generally higher than short-term rates In 1982, short-term rates were dropping much faster than long-term ... to movements in short-term rates than to long-term rates Long term-rates are more sensitive to longer range inflationary expectations The interplay between short- and long-term rates also holds ... crash The dol- FICURE 6.2 THE DOLLAR FOLLOWED SHORT-TERM RATES HIGHER UNTIL MID-1989 THE PEAK IN T-BILL RATES IN MARCH OF 1989 CONTRIBUTED TO A PEAK IN THE DOLLAR THREE MONTHS LATER Short-Term Rate...
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Intermarket Technical Analysis - Trading Strategies Part 4 pptx

Intermarket Technical Analysis - Trading Strategies Part 4 pptx
... performing intermarket analysis is not to economic analysis, but to aid analysts in making trading decisions The pertinent question is which of the two commodity indexes fit into the intermarket ... their discount rate three times in succession, activating the "three-steps-and-a-stumble" rule, which was discussed in Chapter 4) The chart on the lower right shows a dramatic plunge in the price ... lower, chances are U.S bond prices will follow Technical analysis of global bond trends becomes a part of the analysis of the U.S bond market 142 INTERNATIONAL MARKETS FIGURE 8.20 AMERICAN STOCKS...
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Intermarket Technical Analysis - Trading Strategies Part 5 pptx

Intermarket Technical Analysis - Trading Strategies Part 5 pptx
... ounce to mine gold and gold is trading at $ 350 , the company will reap a profit of $ 150 If gold rises to $400, it will appreciate in value by only 15 percent ( $50 /$ 350 ), whereas the company's profits ... DIMENSION IN DIVERGENCE ANALYSIS What these charts show is that a technical analysis of the price of crude oil can shed light on prospects for oil-related stocks At the same time, analysis of oil shares ... MINING SHARES The intermarket analysis of stock groups will begin with the gold market This is a logical point to start because of the key role played by the gold market in intermarket analysis To...
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