estimation of volatility based on prices of options.
wave or cycle of waves that carries the current trend further in the
day in which the daily price range is completely within the previous
day's daily price range. It indicates a balance between buyers and
sellers and, if preceded by a worthwhile trend often represents a
short-term reversal signal.
person who directly or indirectly owns more than 10 percent of any class
of stock listed on a national exchange, or who is an officer or director
of the company in question.
arrangement that requires both sides of the transaction to make payments
to each other based on two different interest rates. The most commonly
traded requires one side to pay a fixed rate and the other to pay a
the price movement of one market for the purpose of evaluating a
different market with which there is a historical inter-relationship.
where an option has a positive intrinsic value.
portion of an option's premium that is represented when the cash market
price is greater than the exercise price; a known constant equal to the
difference between the strike price and underlying market price.
and Shoulders Patterns
of a final decline ( the head) separated by two smaller declines ( the
left and right shoulders). When the price rallies above a line joining
the two shoulder rally highs the pattern is completed. It is important
for the breakout to be accompanied by relatively heavy volume.
type of Elliott wave correction that has a 3-3-5 wave pattern, where the
B wave terminates beyond the start of wave A. A "flat" is in
progress, implying that a larger pattern is developing. It will contain
waves of one higher degree than the A-B-C waves just completed.
tendency for securities prices to recover in January after tax-related
selling is completed before the year-end. The January effect is often
associated with low cap stocks out performing the blue chips.
bond with a significant credit risk that pays a high yield.
A linear system in which the mean squared error between the desired and the actual output is minimized when the input is a random signal.
day in which, following a strong trend, the price opens sharply in the
direction of the then prevailing trend. By the end of the session the
price closed close to the previous day’s close or even below it. Key
reversal days are exhaustion phenomena and are typically accompanied
with heavy volume.
(Know Sure Thing)
An oscillator developed by Martin Pring calculated from the weighted summed rate of change of 4 smoothed rate of change indicators KST’s can be calculated for any time frame, including Intraday. The most common are short, intermediate and long-term (Primary trend) . KST’s can also be very effectively applied to comparative relative strength.
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