Homma munehisa biography of martin
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Sokyu Munehisa Homma - the all-time trader - Part II
Theory of "Three Levels of Fluctuation"
This theory is very similar to Goodman's wave theory. In this theory, we draw our attention to the fact that the price never moves directly up or down. It tells us that for each market, the price moves in ten stages, where it alternately rises and then falls.
Note the levels this theory is talking about - 1/2 and 1/3. We will talk about these levels in the section describing advanced analysis candlestick charts. Regardless of whether the price is in an upward or downward trend, the moves occur in three levels.
Be sure to read:Sokyu (Munehisa) Homma - the all-time trader - Part I.
The theory of three levels of fluctuation is a Japanese theory, related to group movement and price behavior during the formation of ten elements, the difference in speed in the upper and lower trend and limited reaction. There are many unpredictable situations or circumstances that can distort or compl
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What's Inside...
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Technical analysis
Security analysis methodology
In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume.[1] As a type of active management, it stands in contradiction to much of modern portfolio theory. The efficacy of technical analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable,[2] and research on whether technical analysis offers any benefit has produced mixed results.[3][4][5] It is distinguished from fundamental analysis, which considers a company's financial statements, health, and the overall state of the market and economy.
History
[edit]The principles of technical analysis are derived from hundreds of years of financial market data.[6] Some aspects of technical analysis began to appear in Amsterdam-based merchan