Mastering Market Timing (ePub)

"Dickson and Knudsen have given us a straightforward manual on the proven techniques of two giants in the field of Technical Analysis: L.M. Lowry and R.D. Wyckoff. This is a clear exposition about how to identify the major trends and how to profit by them. They take the 'fear and greed' away and leave objective rules. For example, Dickson and Knudsen explain '90% up days' and '90% down days,' an indicator long attributed to the Lowry service. The notion of 'operating company breadth' and the percentage of stocks above their 30-week moving averages, frequently mentioned in the Lowry service, are fleshed out. Tops and bottoms are processes; the book explains the evolution of tops and bottoms, using the major swings in the first decade of the 21st Century for examples. The Wyckoff notion of 'cause and effect' is detailed using Point & Figure charts. I recommend Mastering Market Timing for professionals trying to outperform their benchmarks and individuals trying to boost the returns in their IRAs and 401k's."

--Philip J. Roth, CMT, Chief Technical Market Analyst, Miller Tabak + Co.; three-time past President of the Market Technicians Association

"Combining the knowledge, skill, and forecasting ability of legendary stock market analysts Richard D. Wyckoff and Lyman M. Lowry into a systematized market-timing model, Dickson and Knudsen have produced a landmark book that is useful not only to market historians, but also to those wishing to follow in the footsteps of the aforementioned masters."

--Charles D. Kirkpatrick, Kirkpatrick & Company, Inc.; co-author of Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition

"Mastering Market Timing deals the 'market timing doesn't work!' myth a mortal blow as Dickson and Knudsen combine--for the first time--the decades-old and oft-validated methodologies of market legends L.M. Lowry and Richard D. Wyckoff to explain how major stock market tops and bottoms are formed. Serious investors are taught how to recognize major tops and bottoms in the stock market as they unfold and thereby significantly improve their long-term returns. Mastering Market Timing is destined to become an invaluable reference to help investors identify future major tops and bottoms."

--Walter Deemer, "Walter Deemer's Market Strategies and Insights" and President, DTR Inc.

"Richard A. Dickson and Tracy L. Knudsen deserve high-fives and extra kudos for making a significant and distinct contribution to the understanding and the application of the Wyckoff Method of technical market analysis...In my quest to understand the essence of Wyckoff, I frequently became stymied by the ambiguity of simple bar charts of price and volume when trying to decipher the relative impact of demand vs. supply in a given price action. But now, thanks to this book by Dickson and Knudsen, the separate measurements of demand and supply using Lowry's indicators of Buying Power and Selling Pressure offer the breakthrough I've needed. I now have the deeper, clearer, more efficacious grasp on the Wyckoff Method that I'd been seeking."

--Henry O. (Hank) Pruden, PhD., Professor of Business and Executive Director of the Institute for Technical Market Analysis in The Ageno School of Business, Golden Gate University, San Francisco; author of The Three Skills of Top Trading

For generations, technical analysts have relied on the Wyckoff method for understanding price/volume interactions, first created by Richard D. Wyckoff, one of the world's leading stock traders. More recently, many have also applied the Lowry Analysis, an exceptionally powerful approach to understanding the forces of Supply and Demand. Now, two leaders at Lowry Research show how to combine these methods into a single, easy-to-use approach for optimizing any long-term investing decision.

Drawing on more than 50 years of experience as technical analysts, Richard A. Dickson and Tracy L. Knudsen help you uncover insights and identify emerging trend shifts that other technical methodologies simply can't reveal. They explain each concept clearly and simply, with realistic examples--making this book valuable to a wide range of investors, including those without strong technical analysis experience or mathematical training.

Wyckoff + Lowry: deeper insights, higher profits

Combine two of the world's best technical analysis methodologies

Springs, shakeouts, upthrusts, and more

Confirm the preliminary signs of changing trends

How raging the bull? How bad the bear?

Predicting the extent of market upturns and downturns

Putting it all together

Walking through the analysis process, from start to finish