The purpose of this is to serve as a closet, or attic, or self-storage facility. A place for me to store what I don't want to lose, all in one place, partly for me, but largely for those who may be interested in what I think about market stuff and trading stuff.

I've reserved the right to moderate comments. Assuming that this works, the point of it is to keep the blog on task as much as possible. Substantive questions will be answered, if I can, but good wishes and so forth will not be posted, not because I don't appreciate them, but because all of that is a lot for newcomers to wade through after a while, so please don't be insulted if you don't see your comment posted.

The first post is a link to a preview of my book. This may be of no interest to you whatsoever, but I do encourage those who are interested to at least look over it before plunking down any money for something that may be of little or no use to them.

Good trading.

Wyckoff the Great Posted 04-26-2008 at 12:42 AM by DbPhoenix Richard Wyckoff was a pioneer of technical analysis. While Dow contributed the theory that price moves in a series of trends and reactions, and Schabacker classified those movements into chart patterns, developed gap theory, and stressed the role of trader behavior in the development of patterns and support/resistance, Wyckoff contributed the study of the relationship between volume and price movement to detect imbalances between supply and demand, which in turn provided clues to direction and potential... Continue reading... DbPhoenix

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	DETERMINING THE TREND OF THE MARKET BY THE DAILY VERTICAL CHART (Sect. 7M) Posted 04-25-2008 at 08:56 PM by DbPhoenix Updated 04-26-2008 at 04:50 PM by DbPhoenix of the New York Times Average of 50 Stocks DbPhoenix
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BUYING AND SELLING WAVES (Sect. 5M) Posted 04-25-2008 at 08:48 PM by DbPhoenix Updated 04-26-2008 at 12:44 AM by DbPhoenix Every upward or downward swing in the market, whether it amounts to many points, only a few points, or fractions of a point, consists of numerous buying and selling waves. These have a certain duration; they run just so long as they can attract a following. When this following is exhausted for the time being, that wave comes to an end and a contrary wave sets in. The latter may attract more of a following than the former. By studying the relationships between these upward and downward waves, their... Continue reading... DbPhoenix

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JUDGING THE MARKET BY ITS OWN ACTION (Sect. 3M) Posted 04-25-2008 at 08:42 PM by DbPhoenix Updated 04-26-2008 at 12:43 AM by DbPhoenix The business of Wall Street is to finance corporations and to sell the securities - stocks and bonds - which result from this financing. Some securities are good; others not so good. Those who manufacture and sell them to the public know their value best. The public has comparatively little idea of their real value, except for seasoned securities—those which have been on the market for a long time and which, therefore, have established earning power and intrinsic value. In every case... Continue reading... DbPhoenix

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THE BASIC LAW OF SUPPLY AND DEMAND (Sect. 2M) Posted 04-25-2008 at 08:36 PM by DbPhoenix Updated 04-29-2008 at 07:17 PM by DbPhoenix I had been in Wall Street 20 years when I discovered that it was possible to judge the future course of the market by its own action. In my book, Wall Street Ventures and Adventures through Forty Years, I stated my experience and observations in 1909 as follows: I saw more and more that the action of stocks reflected the plans and purposes of those who dominated them. I began to see possibilities of judging from the very tape what these master minds were doing. My editorial work was proving a most ... Continue reading... DbPhoenix

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