Behavior of Prices on Wall Street
By Arthur Merrill
Originally published in the 1960's, we have the second revised edition (1984). Full of charts (a picture is worth a thousand words) and information, you will learn an amazing amount of information about how stock prices behave from this classic, one of a kind book. A look at the chapter headings below will give an insight into the wide range of conditions and situations covered by Art Merrill's exhaustive research. Get your own copy while our limited supply lasts, at our special sale price!
"Stan Weinstein in his classic, ("Secrets For Profiting...") says: There are few market patterns that occur with such unbelievable regularity that you must become aware of them...No one, to my knowledge, has engaged in more in-depth research (in this area) than Arthur Merrill. Merrill's BEHAVIOR OF PRICES is an excellent work on the subject.
This book concentrates on the profitable study of TIMING. The author has found the market to be similar to a warped roulette wheel. At certain predictable times, it has a definite bias upward, at other predictable times, the inclination is downward. A knowledge of this bias is useful to long-term as well as short-term investors, in the improvement of buying and selling prices. The text of the book is addressed to non-mathematical investors, and includes all of the suggestions for profit. In addition, serious students will find useful material in the appendixes.
The pioneering work of Art Merrill in his classic book, The Behavior of Prices on Wall Street, clearly demonstrates the statistical reliability of pre-holiday behavior in the Dow Jones Industrial Average. Merrill showed that the odds of a higher-price close on the day before major U.S. holidays were not only very high but also statistically significant.
Table of Contents
Foreword
Chapter 1: Aim of this Book
Chapter 2: Significance
Chapter 3: Behavior in the Presidential Cycle
Chapter 4: Behavior Through the Year
Chapter 5: Behavior Through the Month
Chapter 6: Behavior Through the Week
Chapter 7: Behavior Through the Day
Chapter 8: Behavior Through the Seasons
Chapter 9: Behavior Near Holidays
Chapter 10: Behavior When News Breaks
Chapter 11: Behavior After a Move by the Federal Reserve
Chapter 12: Behavior Near Support or Resistance
Chapter 13: Behavior Relative to Dividends
Chapter 14: Behavior As Influenced by Price
Chapter 15: Behavior in Runs
Chapter 16: Behavior in Patterns
Chapter 17: Behavior in M and W Wave Patterns
Chapter 18: Behavior in Time Patterns
Chapter 19: Behavior in Cycles
Chapter 20: Behavior in Trends
Chapter 21: Behavior Bull and Bear Markets
Chapter 22: Conclusions
Appendixes:
A: Are the D.J. Industrials Representative?
B: Evaluation of a Turning Point
C: What is the Dow Theory?
D: What is the Elliott Wave Theory?
E: Weekly D.J. Industrials 1928-1984
F: D.J. Industrials, all swings over 5%, 1897-1984
