September 2012
Beginner
256 pages
5h 53m
English
By the end of this chapter, you should be familiar with
• The controversy about whether cycles exist in financial market data
• How cycles are defined by their amplitude, period, and phase
• Detrending data and plotting centered moving averages
• The major methods of determining cycles in market data
• The major methods of using cycles to project future price highs and lows
Cycle analysts look at prices as a form of complex harmonics or waves. Some oppose this concept because financial market data does not easily fit into mathematical formulas that give precise predictions similar to what we know about ocean tides and sunrises. Others oppose the concept because of a lack of ability to identify ...
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