1. Richard D. Wyckoff and Lyman M. Lowry: The Analysts and Their Methods

Richard D. Wyckoff

The technical approach to investment analysis dates back decades, if not centuries. In contrast to the fundamental approach to market analysis, which focuses on identifying the intrinsic value of a company and its future growth potential by utilizing such metrics as earnings, debt, and management prowess, technical analysis focuses largely on the study of price action. Technicians work under the assumption that security prices move in trends. The identification of those trends, in turn, can be used to forecast future price action. Early pioneers in the field of technical analysis include some well-known names such as Charles H. Dow, Ralph N. Elliott and ...

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