FINANCES : Sortir de la boîte, Penser autrement Index du Forum

FINANCES : Sortir de la boîte, Penser autrement
Finance Européenne, Crise de la Dette, Banques, Zone Euro, Forum temporaire pour analyser l'activité , informer donner des nouvelles à ceux qui en ont envie .

 FAQFAQ   RechercherRechercher   MembresMembres   GroupesGroupes   S’enregistrerS’enregistrer 
 ProfilProfil   Se connecter pour vérifier ses messages privésSe connecter pour vérifier ses messages privés   ConnexionConnexion 

Analyse Technique
Aller à la page: <  1, 2, 3, 4, 5
Poster un nouveau sujet   Répondre au sujet    FINANCES : Sortir de la boîte, Penser autrement Index du Forum -> Ici l'on cancane -> A propos de ....
Sujet précédent :: Sujet suivant  
Auteur Message
Groupe des Six

Hors ligne

Inscrit le: 16 Oct 2012
Messages: 8 405

MessagePosté le: Ven 8 Juil - 07:48 (2016)    Sujet du message: Analyse Technique Répondre en citant

Portefeuille virtuel
Listes de valeurs

Revenir en haut

MessagePosté le: Ven 8 Juil - 07:48 (2016)    Sujet du message: Publicité

PublicitéSupprimer les publicités ?
Revenir en haut
Groupe des Six

Hors ligne

Inscrit le: 16 Oct 2012
Messages: 8 405

MessagePosté le: Sam 30 Juil - 20:32 (2016)    Sujet du message: Analyse Technique Répondre en citant

Dow Theory: 6 Basic Tenets
1. The Averages Discount Everything: The idea that the markets reflect every possible knowable factor that affects overall supply and demand is on the basic premises of technical theory. The theory applies to market averages, as well as it does to individual markets, and even makes allowances for "acts of God." While the markets cannot anticipate events such as earthquakes and various other natural calamities, they quickly discount such occurrences, and almost instantaneously assimilate their affects into the price action.
2. The market Has Three Trends: Dow defined an uptrend as a situation in which each successive rally closes higher than the previous rally high, and each successive rally low also closes higher than the previous rally low. In other words, an uptrend has a pattern of rising peaks and troughs. The opposite situation, with successively lower peaks and troughs, defines a downtrend. Dow's definition has withstood the test of time and still forms the cornerstone of trend analysis.
Dow believed in that the laws of action and reaction apply to the markets just as they do to the physical universe. He wrote, "Records of trading show that in many cases when a stock reaches top it will have a moderate decline and then go back again to near the highest figures. If after such a move, the price again recedes, it is liable to decline some distance" (Nelson, page 43).
Dow considered a trend to have three parts, primary, secondary, and minor, which he compared to the tide, waves, and ripples of the sea. The primary trend represents the tide, the secondary or intermediate trend represents the waves that make up the tide, and the minor trends behave like ripples on the waves.
An observer can determine the direction of the tide by noting the highest point on the beach reached by successive waves. If each successive wave reaches further inland than the preceding one, the tide is flowing in. When the high point of each successive wave recedes, the tide has turned out and is ebbing. Unlike actual ocean tides, which last a matter of hours, Dow conceived of market tides as lasting for more than a year, and possible for several years.
The secondary, or intermediate, trend represents corrections in the primary trend and usually lasts three weeks to three months. These intermediate corrections generally retrace between one-third and two-thirds of the previous trend movement and most frequently about half, or 50%, of the previous move.
According to Dow, the minor )or near term) trend usually lasts less than three weeks. This near term trend represents fluctuations in the intermediate trend.
3. Major Trends Have Three Phases: Dow focused his attention on primary or major trends, which he felt usually take place in three distinct phases: accumulation phase, a public participation phase, and a distribution phase. The accumulation phase represents informed buying by the most astute investors. If the previous trend was down, then at this point these astute investors recognize that the market has assimilated all the so-called "bad" news. The public participation phase, where most technical trend-followers begin to participate, occurs when prices begin to advance rapidly and business news improves. The distribution phase takes place when newspapers begin to print increasingly bullish stories; when economic news is better than ever; and when speculative volume and public participation increase. During the last phase the same informed investors who began to "accumulate" near the bear market bottom (when no one else wanted to buy) begin to "distribute" before anyone else starts selling.
Students of Elliott Wave Theory will recognize this division of a major bull market into three distinct phases. R.N. Elliott elaborated upon Rhea's work in Dow Theory, to recognize that a bull market has three major, upward movements.
4. The Averages Must Confirm Each Other: Dow, in referring to the Industrial and rail Averages, meant that no important bull or bear market signal could take place unless both averages gave the same signal, thus confirming each other. He felt that both averages must exceed a previous secondary peak to confirm the inception or continuation of a bull market. He did not believe that the signals had to occur simultaneously, but recognized that a shorter length of time between the two signals provided stronger confirmation. When the two averages diverged from one another, Dow assumed that the prior trend was still maintained. (Elliott Wave Theory only requires that signals be generated in a single average.)
5. Volume Must Confirm the Trend: Dow recognized volume as a secondary but important factor in confirming price signals. Simply stated, volume should expand or increase in the direction of the major trend. In a major uptrend, volume would then increase as price move higher, and diminish as prices fall. In a downtrend, volume should increase as prices drop and diminish as they rally. Dow considered volume a secondary indicator. He based his actual buy and sell signals entirely on closing prices. Today's sophisticated volume indicators help determine whether volume is increasing or falling off. Savvy traders then compare this information to price action to see if the two are confirming each other.
6. A Trend Is Assumed to Be in Effect Until It Gives Definite Signals That It Has Reversed: This tenet forms much of the foundation of modern trend-following approaches. It relates a physical law to market movement, which states that an object in motion (in this case a trend) tends to continue in motion until some external forces causes it to change direction. A number of technical tools are available to traders to assist in the difficult task of spotting reversal signals, including the study of support and resistance levels, price patterns, trendlines, and moving averages. Some indicators can provide even earlier warning signals of loss of momentum. All of that not withstanding, the odds usually favor the the existing trend will continue.
The most difficult task for a Dow theorist, or any trend-follower for that matter, is being able to distinguish between a normal secondary correction in an existing trend and the first leg of a new trend in the opposite direction. Dow theorists often disagree as to when the market gives an actual reversal signal.
Source: Murphy, John. Technical Analysis of the Financial Markets; (c) 1999.

Upcoming Events
  • Aug3Wed
    Webcast: “Latest Trends in the ETF Market and the Rise of Factor Investing to Improve Portfolio Diversification Strategies” with Dan Draper, CFA, CMT, CAIA, FRM, CFP®, ChFC®

  • Aug17Wed
    Webcast: “We Use Options to Trade Our Favorite Technical Set-ups & You Should Too!” with Michael Kieffer

  • Aug17Wed
    Minnesota Chapter Meeting featuring Ralph Acampora, CMT & Michael Burque, CMT

  • Aug18Thu
    Puget Sound Chapter Meeting Featuring Grayson Roze

  • Sep7Wed
    Atlanta Chapter Meeting Featuring Michael A. Gayed, CFA

Revenir en haut

Hors ligne

Inscrit le: 05 Avr 2017
Messages: 22

MessagePosté le: Mar 8 Aoû - 05:55 (2017)    Sujet du message: Analyse Technique Répondre en citant

Wholesale furniture supplier of Dining Chairs and dining room furniture
Find the best selection of office chair here at

Revenir en haut

Hors ligne

Inscrit le: 27 Mar 2018
Messages: 1

MessagePosté le: Mar 27 Mar - 13:53 (2018)    Sujet du message: Analyse Technique Répondre en citant

If you don't currently have it mounted on your PC system, download. Tunes Account Login Tap Usage Existing Apple ID, after that go into the Apple ID. 

Revenir en haut
Contenu Sponsorisé

MessagePosté le: Aujourd’hui à 15:28 (2018)    Sujet du message: Analyse Technique

Revenir en haut
Montrer les messages depuis:   
Poster un nouveau sujet   Répondre au sujet    FINANCES : Sortir de la boîte, Penser autrement Index du Forum -> Ici l'on cancane -> A propos de .... Toutes les heures sont au format GMT + 2 Heures
Aller à la page: <  1, 2, 3, 4, 5
Page 5 sur 5

Sauter vers:  

Index | créer son forum | Forum gratuit d’entraide | Annuaire des forums gratuits | Signaler une violation | Conditions générales d'utilisation
Powered by phpBB © 2001, 2005 phpBB Group
Traduction par :