Charles Drummond (1979)- And,
with succinct regularity, it became obvious that all of the input for
several days, weeks and months gave birth to each day's high/low/close
in a constant manner and this expression when analyzed, signaled the
story in relation to its past history - the mathematical dot, and the movement of prices around it.
Gracious me, there were constants all over the place:
- prices each day moved a maximum of "x" mm away from the ‘dot' line.
- prices each day, moved a maximum of "x" cents up or down from the dot itself.
- prices eventually stop moving above the main line in an up market into an area or channel just under the line, and in an up moving market, prices are topping.
- the dots started to move closer and closer together in an upmarket and the market was topping.
- dots swung off the main dot line - bells ringing left and right - market is topping.
- the dot is swinging more, it's falling under or above. The dot didn't swing under or above. And since it didn't, and not doing what it's supposed to do, the opposite is happening.
- instead of the dot going up exactly in a straight line, or down in a straight line, they are "snaking" very close to each other, horizontally - we're in a congestion.
Quoted from:
Charles Drummond (1979) - How to make Money in the Futures Market ... and lots of it.
Charles Drummond (1979) - How to make Money in the Futures Market ... and lots of it.
Ted Hearne (2022) - Drummond Geometry: Uncover Hidden Market Structure.
Ted Hearne (2007) - Drummond Geometry: Picking Yearly Highs and Lows in Interbank Forex Trading.
Ted Hearne (2007) - Drummond Geometry: Picking Yearly Highs and Lows in Interbank Forex Trading.
In: David Keller (2007) - Breakthroughs in Technical Analysis.