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Strategies & Market Trends : Candlestick Charting--The unknown indicator
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To: HeyRainier who wrote (830)1/8/1998 10:31:00 PM
From: ftth  Read Replies (1) of 1589
 
Rainier and all: I finally found a book that discusses specific patterns with respect to volume, and uses O-H-L-C data. I think a candlestick'er would get more out of it than a "typical" chart person because this is one of the only charting books I have found that recognizes the significance of O-H-L-C. I'm quite impressed with it, and have been looking for it for months on recommendation from someone else. It's a 1977 book, so it's out of print and available only used according to most places. BUT...I found this:

crbindex.com

The CRB bookstore! Go here, click on bookstore, then on book search, and enter HILL in the author field. The title is "Stock and Commodity Market Trend Trading by Advanced Technical Analysis" by John R. Hill. You wont be impressed if you expect fancy fonts and whizzy graphics. It's more like a typed lab notebook. If you can live with that, the content is excellent. Oh, yes, they have it (new). Just recently received it. The CRB site also has many other very hard to find books.
Here's the table of contents

TABLE OF CONTENTS
Chapter 1 - Graphs & Their Application to Speculation - 7
The basic type of charts to keep and
interpretations of daily action from a
supply and demand standpoint.
Chapter 2 - Pivot Point Analysis & 3-Day Equilibrium - - - - 18 Intraday market action is discussed along with pivot
point analysis. Trend and corrective actions are defined. A basic concept of a 3-day equilibrium for projecting trend
directions is explained.
Chapter 3 - The Elliott Wave Theory _ _ _ _ _ - - - - - - - 24 Unpublished works by Elliott in explaining his basic
market concepts is made available for the first time ever. Practical application of these theories and how they may
be used to enhance profits is then explained.
Chapter 4 - New & Unique Technical Tools - - - - - - - - - - 58 Swings and proportions of swings are explained in
graphic form. Various cycle theories are reduced down to practical utility. Twin factors of time and space are utilized
to show very clearly objective moves by conventional means. A new geometric approach which integrates these
factors is presented in graphic detail.
Chapter 5 - Market Stages - - - - - - - - - - - - - - - - - 66 Supply and demand factors in the movement of a stock or
commodity price are discussed and explained in graphic detail. Accumulation and distribution phases are shown. A
basic concept of three drives to a top or bottom is given. Will an old high stop a movement? Thrust and volume
analysis is reviewed. Three times when heavy volume is expected. General comments on volume.

Chapter 6 - Conventional Technical Analysis - - - - - - - - - 84 Various classical formations are reviewed and
discussed from the standpoint of supply and demand. Trendlines and trend channels. Action points in utilizing these
tools are shown. Use of multiple trendlines from common pivot point. Support and resistance concepts. Force lines
in action. Gaps and their significance. Lines.
Chapter 7 - Open Interest in Commodities - - - - - - - - - - 99
Chapter 8 - Minor Reversal Patterns - - - - - - - - - - - - 106 Nine very basic chart patterns which signal a change in
trend are shown. Upthrust and "spring" reversal formations which lead to bull and bear traps are also shown. How
these traps can be avoided and used to your advantage.
Chapter 9 - Trading & Scalping Techniques - - - - - - - - - 114
A. Parallel movement method
B. Minor trend techniques
C. Scalping the Markets
D. Technical Trend Trading Techniques
Bibliography of Technical Books on the Market _ _ _ _ _ _ _ _ 128

dh
P.S. Also has excellent discussions and examples on trendline placement and use throughout the book. Better than I've seen even in the TA "classics"
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