DIAGRAM The 50 Percent Retracement and Measure Move Rule

DIAGRAM  The 50 Percent Retracement and Measure

  Move Rule

The first systematic description of THE RULE was given in Burton Pugh’sThe Great Wheat  Secret

.  This  book  was  originally  published  in  1933.  In  19

73,  Charles  L.

Lindsay  published

Trident This  book  did  much  -  some  say  too  much!  -  to  quantify

and  mathematically  describe  THE  RULE.  Nevertheless,

must  reading  for  anyone

interested in this area of market methodology. Edward L. Dobson wrote

The Trading

Rule That Can Make You Rich

in 1978. This is a good work with some nice examples.

But  none  of  these,  in  my  humble  opinion,  even  scratch  the  surface,  relative  to

Goodman’s work.In  1975  a  well-know  Chicago  grain  floor  trader,  Eugene  Nofri,  published The

Congestion Phase System. This small but power-packed volume detailed a sho

rt term

trading method using simple but effective ‘congesti

on phases’. While not precisely a

work on THE RULE it touched - from a different angle - some of Charlie’s ideas