This course will begin with the terminology used in cycle studies, one of the market timing tools of the MMA methodology. The student will be instructed on the various types of chart patterns and "phases" that are present in all market cycles. Several examples will be used from different financial markets to demonstrate these patterns.
Various technical studies will be used to confirm the completion of the crests and troughs of these cycles. Students will be introduced to long-term, intermediate-term, and short-term cycles of several financial markets, such as stock indices, precious metals, currencies, treasuries, grains, and crude oil, for both investment and trading purposes. Students will be trained in the different periodicities of each market, and how to find the appropriate cycles for each market.
At the end of the course, students will be tested on these cycles -- what are they and how are they identified, confirmed, and used to forecast time bands for market reversals. Afterwards, students will be given an assignment to find the long-term, intermediate-term, and short-term cycles of a market of their choice not covered in this course, and then to project the next time band when each of the cycles in that market are next due.
Materials for this course:
- The Ultimate Book on Stock Market Timing, Volume 1 and Volume 5
- Merriman on Market Cycles: The Basics
The above required text books are written by Raymond Merriman and published by Seek-It Publications. You can purchase them at the MMA Cycles website by using the links above.
Recommended Software (but not required): *Metastock (or some comparable "end of day" -- EOD -- data with a financial markets charting program and a host of commonly-used technical studies, such as moving averages and stochastic oscillators).