[DbPhoenix]

I've been told by Flojo that the original course is available from the Library of Congress (it was never put into book form, as was common back then with regard to courses, which is why so many of them are lost to us).

The basics of the basics are provided here in the stickies. Section 1M, the Introduction, is skipped, as are Section 4M, Volume Studies, and Section 6M, Chart Studies. Section 7M, to which you referred, acts as a sort of summary of what's been addressed up to that point in the course. Therefore, regardless of what you decide to do with regard to the entire course, I suggest you read and reread and rereread the first three stickies to become at least acquainted with the underlying concepts, then study the fourth, the analysis of 1930-31, which acts as an illustration through application. The entire course has been uploaded here.

A great deal of what has been written about Wyckoff, particularly during the resurgence of interest in the "classics" over the past decade or so, is at best inaccurate and at worst blatantly untrue. Many traders will tell you, for example, that they are "Wyckoff traders" simply because they've decided to incorporate "volume" into their trading, and that by doing so they are employing the "Wyckoff Method". Volume, however, as you will learn, is only a part of the approach and isn't even necessary to applying it. You will also come across a wide range of approaches that claim to be "based on Wyckoff". However, since nearly all of what's been written with regard to technical analysis over the past hundred years is based on either Wyckoff or Schabacker, this claim doesn't mean a great deal. If you want to know what is legitimately Wyckoff, it makes sense for you to study Wyckoff himself, not what I nor anybody else says about him. In this way, you can build a conceptual framework for trading and investing that is uniquely yours.

[thalestrader]

Originally Posted by DbPhoenix »

A great deal of what has been written about Wyckoff, particularly during the resurgence of interest in the "classics" over the past decade or so, is at best inaccurate and at worst blatantly untrue.

So very true ... As in most areas of life, most folks never take the time to read the original thinker, and instead take watered down derivitive thinking for the real thing.

[rigel]

IMO it is worth trawling through the course, it is very well presented in almost a thesis form(cross referencing etc) and superb way of sentence construction, sadly lacking in recent publications on trading.
And ofcourse the content and analysis is par excellence , the patterns, and price/vol interplay illustrations, unfold in today's markets as well day after day.

Db,
Do you employ figure charting in your trading, and do you consider it absolutely necessary to study those sections in the course ie. sections 11-13 and some others.

[DbPhoenix]

Originally Posted by rigel »

Db,
Do you employ figure charting in your trading, and do you consider it absolutely necessary to study those sections in the course ie. sections 11-13 and some others.

No, I don't, but Wyckoff was enthusiastic about it, and, as I said in the P&F thread, anyone who wants to explore that aspect of it in that thread is welcome to do so. However, no one has shown any interest. Perhaps P&F is no longer stylish. I'm not a part of that community, so I can't say.

There is much of the course that has a raise your own chickens for the eggs element to it and that I don't find particularly pertinent today, such as that having to do with drawing your own charts, especially P&F. But those who snort at it because some of it is old-fashioned and out of date (such as how to choose a broker and how to place an order) are missing out on a gold mine.

[mlb_trader]

Someone converted the bars for "Analysis of 1930-31 charts" into csv form. It makes going through the PDF much easier when you can draw trendlines, volume at price etc. using your own charting package. Hope this helps.

Here is the file, thanks should go to the person at Yahoo.wyckoff who did the conversion though.

[20814md]

I created that file almost 10 years ago when I took the SMI course. It took some judgment and lots of time to extract the H,L,C and Volume, but I did my best. Please note that I doubled the Volume on the Saturday sessions and I used the SMI Section 7 chart as the basis. I noticed some time later that there were some minor discrepancies between the SMI chart and Wyckoff's original chart.

I'm glad you posted it here because I was about to do it myself. Also for my own use (not in the file referenced here), I added some "price data filler" in the beginning to allow a chart window to be open full size and start the data scrolling with out messing up the scaling.

[DbPhoenix]

Originally Posted by 20814md »

I created that file almost 10 years ago when I took the SMI course. It took some judgment and lots of time to extract the H,L,C and Volume, but I did my best. Please note that I doubled the Volume on the Saturday sessions and I used the SMI Section 7 chart as the basis. I noticed some time later that there were some minor discrepancies between the SMI chart and Wyckoff's original chart.

Always good to see credit go where it's due. And I know what you mean by the "lots of time" part. I've restored a number of charts in the original course, and in many cases it's bar by bar by bar.

But it's a kind of therapy as well. Like basket-weaving.

[disperados-x]

Originally Posted by DbPhoenix »

Always good to see credit go where it's due. And I know what you mean by the "lots of time" part. I've restored a number of charts in the original course, and in many cases it's bar by bar by bar.

But it's a kind of therapy as well. Like basket-weaving.

Db!
What is the difference between SMI course Hank Pruden "Analyzing the Price and Volume Movement of Market Tradable Item According to the Principles of Mass Psychology" and the SMI Stewart Taylor course "Wyckoff Analysis, The art Price and Volume"? What does Pruden and Taylor to the Wyckoff Stock market institute?