Financial Investing Radio
FIR 13: Hey Mom!! GOOG's Gotta Wedgie!!! Market Structure Matters!!
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:09:49
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Sinopsis
So I won't go into any family wedgie stories, I'm sure we all have some to share. But the point of this podcast is that structure matters; market structure matters. I'm a personal fan of having a view that shows the real price movement, with time as a second class citizen. So for stocks, I like to find the average true range and then create a range chart that is related to that ATR. NOW, if that didn't make sense then reach out to me and I'll be happy to answer your questions. I want to see the market structure of a stock for its typical movements, and more important; I like to know when it is behaving in an a-typical fashion. My favorite two tools for visualizing market structure are channels and wedges; and I put them on the range chart for the stock. By now you know that I will relate all this to the Market Engine and the Market Effectiveness Chart!! So, I'm on a GOOG range chart that is based on its ATR and I have a wedge that is drawn that starts back on March 17, 2017 and goes up to June 8th. Here's how