Support refers to a level on the chart under the market where buying interest is thought to be stronger than selling interest causing price to stop and reverse upwards. Support is normally identified by a previous low or series of lows. Resistance is the opposite of support. In an uptrend, each successive low should be
TD Range Projections (named after Tom Demark) anticipate the range of the charts next bar.
A Japanese Candlestick that forms when open and close prices for that day are virtually equal. The length of the upper and lower shadows, or wick, of a Doji vary so that it may look like a cross, inverted cross or a plus sign. Dojis provide information on their own and also appear as an
The TD Range Expansion Index (named after Tom Demark) is a market-timing oscillator which highlights risk areas for buying and selling. The oscillator is arithmetically calculated and is designed to overcome problems with exponentially calculated oscillators, such as
Louis Bacon is the manager of a leading New York City based hedge fund, Moore Capital Management (after his mother’s maiden name). Moore Capital is headquartered in New York City but has other offices in London, Toronto, and Washington D.C.