In this, the first of a series of columns,we will introduce to the community of technical analysts a new approach to charting the price history of a stock or commodity. I call this technique the MIDAS method, an acronym for Market Interpretation/Data AnalysisSystem.It is designed to focus attention on the dynamic interplay of support/resistance and accumulation/distribution which are the ultimate determinants of price behavior. Indeed, a Midas chart makes immediately visually apparent an unexpected degree of orderliness in what might otherwise seem to be a random or chaotic process.
File Size: 599KB
File Type: PDF