Mastering Market Timing: Using the Works of L.M. Lowry and R.D. Wyckoff to Identify Key Market Turning Points

by Richard Dickson, Tracy Knudsen

Overview

For generations, technical market analysts have relied on the Wyckoff method for understanding price/volume interactions–a breakthrough technique created by Richard D. Wyckoff, one of the most influential traders in stock market history. More recently, many technical analysts have also applied the Lowry Analysis, an exceptionally powerful approach to understanding the forces of supply and demand that are the starting point for all macro-analysis.

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Now, for the first time, two leaders at Lowry Research discuss how to combine these methods. Drawing on more than 45 years of experience as technical analysts, Richard A. Dickson and Tracy Knudsen introduce a uniquely powerful, objective, and quantifiable approach to applying traditional price/volume analysis. By understanding their techniques, investors can gain insights unavailable through other technical methodologies, and uncover subtle indications of emerging trend shifts before other methods can reveal them.

Product Details

ISBN-13:	9780132613439
Publisher:	Pearson Education
Publication date:	06/29/2011
Sold by:	Barnes & Noble
Format:	eBook
Pages:	176
File size:	6 MB
Age Range:	18 Years

About the Author

Richard Dickson is a Senior Vice President at Lowry Research and Director of Research for the Domestic and Global versions of Lowry’s primary product, Lowry on Demand. He also chairs the Research Committee for Lowry Capital Management. Dick has been a technical market analyst for more than 30 years. Prior to joining Lowry in 2002, Dick was Senior Technical Equity Strategist at two major regional brokerage firms.

 

Dick is a frequent contributor to many radio and television shows, and his words are seen often in newspaper and financial publications. Dick has served on the Board of Directors of the Market Technicians Association, first as Education Chair and later as Treasurer. He also served on the Board of Directors of the MTA Educational Foundation. In 1995, as head of the Market Technicians Association’s Educational Committee, he initiated and taught the first full-credit course on technical analysis at the university level in the United States. In 1997, Dick received the MTA’s “Best of the Best” award for his work in education. Dick is currently a member of AAPTA (the American Association of Professional Technical Analysts). He is a graduate of Principia College (BA) and the University of Virginia (MA).

 

Tracy Knudsen, Chartered Market Technician (CMT), has been a market technician for 17 years. She currently holds the positions of Senior Vice President of Research at Lowry Research Corporation and Assistant Portfolio Manager at Lowry Capital Management. Prior to joining Lowry’s, Tracy held the position of Senior Market Strategist at Candlecharts.com and, prior to that, Senior Technical Analyst at Stone & McCarthy Research Associates.

 

Tracy has been quoted in major financial publications and written articles for the magazine Stocks, Futures, and Options as well as Technical Analysis of Stocks and Commodities. Tracy has also appeared on Bloomberg Radio’s afternoon program, Taking Stock. Tracy is a member of both the Market Technicians Association and the American Association of Professional Technical Analysts, where she has served on the board of directors.

 

Table of Contents

Foreword by Dr. Henry Pruden     xv

Introduction     1

 

Part I:  A Wyckoff-Lowry Analysis of Major Market Tops and Bottoms Since 1968

Chapter 1   Richard D. Wyckoff and Lyman M. Lowry: The Analysts and Their Methods     11

Chapter 2   How Major Market Tops Form: Part I, The Preliminaries     19

Chapter 3   How Major Market Tops Form: Part II, The End Game     39

Chapter 4   How Major Market Bottoms Form: Part I, Panic and Capitulation     61

Chapter 5   How Major Market Bottoms Form: Part II, Accumulation and Breakout     83

 

Part II:  Combining a Wyckoff-Lowry Analysis with Other Tools for Timing Major Market Tops and Bottoms

Chapter 6   Building a Cause: How R. D. Wyckoff Uses Point and Figure Charts to Establish Price Targets     103

Chapter 7   Identifying Major Market Top and Bottoms: Other Tools to Consider     127

Chapter 8   The Curious Case of the 2000-2001 Market Top and Demise of the Secular Bull Market     151

Chapter 9   A Wyckoff/Lowry Analysis of the 2000 Market Top     167

Chapter 10  Where Are We Now?     179

Chapter 11  Putting It All Together     193

Index     197