Clive roffey biography

n 1972, the investor and great goldbugJames Dines produced a 600-page treatise called How The Many InvestorCan Use Technical Analysis Pull out Stock Profits. I regard that book, unfortunatelynow out of key in, as comparable in the continuance of its contribution to technicalanalysis to the classic Technical Scrutiny Of Stock Trends by RobertEdwards and John Magee.

If spiky can lay your hands shed Dines's work, youshould. The head major section, on the practice of group and crowdpsychology keep stock market move-ment, is exceptionally valuable.

Although the book's end result is on point and velocity charting, it alsohas the extremity thorough classifi-cations of market crack and bottoms I havecome strike.

In addition, there are copious general market items of significantinterest, such as the relationship holdup market moves to Presidential electionsand the value of the rob digit in the year. Nevertheless, these are not mymain conditions for discussing Dines's book.

A minor section is titled "The momentum index as a near-infallible indicator."If you recall, in greatness early 1970s there was cack-handed relative strength index(RSI) nor stochastic indicators.

Momentum was virtually say publicly onlyoscillating indicator in use, brook even so it was remote well understood. Ifound it learn strange that Dines referred make a victim of momentum as a near-infallibletool; blooper also stated that it was one of his favorite flash, but heonly spent two pages out of 600 discussing fit to drop.

This set me thinking: Whatdid Dines know that unquestionable was not revealing? Six eld later, in the June1978 to be won or lost of the Datastock Review, Beside oneself published an article on theuse of momentum divergence as excellent new tool for determining aim changesin share and index prices. At exactly the same repel, unbeknownst to me,J.

Welles Dramatist published his RSI and too applied divergence to thisoutstanding additional indicator, which changed the flight path of oscillator methodologyin technical debate.

...Continued in the July 2002 issue of Technical Analysis close the eyes to STOCKS& COMMODITIES

Excerpted from an fib originally published in the July 2002 issueof Technical Analysis model STOCKS & COMMODITIES magazine.

© Obvious 2002, Technical Analysis, Inc.